Federal Reserve to Expand its Debt Purchases to the *JUNK* Bond Sector (Including ETF’s), HYT Soars 7% Intraday



“The Facility will purchase eligible corporate bonds at fair market value in the secondary market”

“The Facility will cease purchasing eligible corporate bonds and eligible ETFs no later than September 30, 2020, unless the Facility is extended by the Board of Governors of the Federal Reserve System and the Treasury Department”

Must be BBB-/Baa3 as of March 22, 2020

Read more at Zerohedge.com

(FT) “If you think people were upset about bailing out banks where the CEOs were making $50m a year, how are they going to feel about bailing out private equity firms where the CEOs make $500m a year?” said another investor.”
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