Fed poised to purchase corporate bonds next week
New York Fed will create a portfolio to track the US corporate bond market under new plans
The Federal Reserve will begin purchasing corporate bonds from the secondary market on June 23, it announced on June 15.
In the same statement, the central bank says it will be creating a portfolio of corporate bonds to track the $9.6 trillion secondary market for US corporate bonds – an expansion of the Fed’s initial plans. The move appears to be designed to limit any perception that some firms are being given preferential treatment by the purchases.
“The facility may purchase individual
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