Fed’s Primary Corporate Credit Facility Is Now Operational

Posted on June 29, 2020 1:02 pm
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URL https://www.newswars.com/feds-primary-corporate-credit-facility-is-now-operational/ 

Now that the Fed is buying about a $1 billion in corporate bond ETFs weekly, and as of two weeks ago, starting buying individual corporate bonds out of a list which, as we disclosed yesterday bizarrely includes such perfectly solvent and stable foreign corporate titans as Toyota, Volkswagen and Daimler, not to mention such domestic names as Apple and Berkshire, the US central bank has shifted away from the secondary market where its market manipulation only affects asset prices instead of directly providing funding to corporations, and starting today the NY Fed announced that its Primary