FED is also buying corporate bonds now

Geography: North America
Sector: Banking & Finance

Read More: FED is buying corporate bonds

The FT reports on 16 June 2020 that the Federal Reserve (Fed) in the US announced that it would also be buying corporate bonds to support post-COVID economic recovery. This is in addition to its existing securities purchases, including US treasuries and ETFs. With these new measures, the Fed’s aim is to reassure investors and to improve market sentiment in light of new COVID-19 outbreaks that emerged during the previous days in the US and China.