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The Fed is starting its program to purchase corporate bond ETFs

May 12, 2020

Via: CNBC

The Federal Reserve will be starting its long-awaited corporate bond program Tuesday amid a boom in debt issuance.

The central bank will kick off its Secondary Market Corporate Credit Facility, which is part of a history-making initiative in which it will purchase exchange-traded funds that track the corporate debt market. Asset management giant BlackRock will be running the operation under the New York Fed’s supervision.

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