Fed says it will start buying corporate bond ETFs in early May – MarketWatch

The Federal Reserve said it would start buying corporate bond exchange-traded funds in early May, as it offered up further details on its planned purchases of debt from U.S. businesses on Monday. Soon after, the central bank will start purchasing debt issued by companies directly, and from the market. The Fed also said it could buy an entire sale of corporate bonds by itself. Even without having yet bought bonds, the central bank’s announcement of the lending programs have been enough to arrest turmoil in corporate bond trading, and has allowed businesses like Boeing to issue debt to raise cash.

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