@techreport{kerssenfischer2026anatomy,
  title       = {Anatomy of a Safe Asset: {B}und Market Structure and Reform},
  author      = {Kerssenfischer, Mark and Lucke, Konrad and Scherrieble, Willy},
  year        = {2026},
  month       = nov,
  institution = {Deutsche Bundesbank},
  type        = {Discussion Paper},
  number      = {36/2026},
  doi         = {10.71734/DP-2026-36},
  url         = {https://www.bundesbank.de/en/publications/research/discussion-papers/anatomy-of-a-safe-asset-bund-market-structure-and-reform-1007074}
}