Canada to accept US Treasuries for the first time

The Bank of Canada will accept US Treasuries as collateral for the first time ever on Monday.

The Bank said on Wednesday that it would accept US Treasury bills, notes and bonds, including Treasury Inflation-Protected Securities, as collateral for its standing facility from 30 June.

"By offering to accept a broader range of securities, the central bank provides more flexibility to participating institutions in the management of their collateral," a spokesperson for the central bank to Central