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Fed says it expects limited usage for primary market corporate credit facility

June 29, 2020 at 07:40PM

Fed says it expects limited usage for primary market corporate credit facility
…under current market conditions
The Fed has to be re-thinking its corporate bond buying programs. They’re a public-relations nightmare. The volumes so far are low and you have to hope they’re just completing this programs to prove that they can because the optics right now are awful. They bought bonds from cigarette-maker Phillip-Morris on Friday at
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