Christopher Condon and Craig Torres

Government, Business

Fed Will Begin Buying Broad Portfolio of Corporate Bonds

The Marriner S. Eccles Federal Reserve building in Washington. The Marriner S. Eccles Federal Reserve building in Washington. (Andrew Harrer/Bloomberg News)

The Federal Reserve said June 15 that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds.

June 15, 2020