The Federal Reserve bought about $1.3 billion face value of business bonds from June 17-26, improving its purchases under a market stabilization buying program to about $1.5 billion at the time, according to disclosures Friday.
The Fed bought a much bigger swath of bonds as part of its strategy to develop a portfolio of about 794 companies that tracks a broad market index. The marketplace worth of corporate bond exchange-traded funds bought by the Fed as part of the program likewise increased by about $1.2 billion to $8 billion over the …
%%.
source https://jobsearchtips.net/fed-divulges-more-corporate-bond-and-etf-purchases/
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