Christopher Condon and Craig Torres
Government, Business
The Marriner S. Eccles Federal Reserve building in Washington. (Andrew Harrer/Bloomberg News)
Fed Will Begin Buying Broad Portfolio of Corporate Bonds
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