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In rescue effort, Fed has broad stake in corporate America’s fortunes

June 1, 2020

Includes “The U.S. central bank now has a stake in the fortunes of a broad swath of corporate America after buying about $1.3 billion (1.06 billion pounds) of bond funds with debt issued by firms in all walks of the world’s biggest economy, from Apple Inc to a clutch of companies in bankruptcy. The details on holdings in the Fed’s Secondary Market Corporate Credit Facility, one of nearly a dozen emergency programs the Fed has rolled out since March to respond to the coronavirus crisis, were published Friday.”

 

Read the full article on: Hellenic Shipping News

 
 
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