The Fed says it is going to start buying individual corporate bonds

[Ravi860]

The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is buying, the central bank announced Monday.

As part of a continuing effort to support market functioning and ease credit conditions, the Fed added functions to its Secondary Market Corporate Credit Facility.

 

The program has the ability to buy up to $750 billion worth of corporate credit. Its March 23 initial announcement is largely considered a watershed announcement for the financial markets, reeling from the coronavirus threat spread.

Under the latest guidelines, the Fed said it will buy, on the secondary market, individual bonds that have remaining maturities of five years or less. Those purchases will go along with the ETFs the Fed already has been buying, which are balanced towards investment-grade indexes but also include some junk bond funds that track debt which had been investment grade prior to the crisis but had been downgraded after.

https://www.cnbc.com/2020/06/15/the-fed-says-it-is-going-to-start-buying-individual-corporate-bonds.html

 

[Hitman]

Pump..Pump..Pump.. 

[karna11]

Tatha vunnantavaraku market taggedhee ledu

[quickgun_murugun]

16 minutes ago, karna11 said:

Tatha vunnantavaraku market taggedhee ledu

YUP

[quickgun_murugun]

6 hours ago, Hitman said:

Pump..Pump..Pump.. 

Mana thatha... devudu kaka mana thatha