Saturday , September 28 2024
Home / Mike Norman Economics / Fed program to support corporate bonds

Fed program to support corporate bonds

Summary:
Fed allegedly going to buy corporate bonds to "help" this situation: Amidst everything else I’d missed that the Fed is going to buy corp bond ETFs https://t.co/G8rpFDY4bF — Tom Powdrill (@TomPowdrill) March 24, 2020 Article says: The central bank is only buying investment grade corporate bonds, not high-yield bonds. Only problem is S&P is downgrading all the big firms being effected all week: BREAKING: Delta Air Lines credit rating cut to junk by S&P. pic.twitter.com/4117hGI1sy — CNBC Now (@CNBCnow) March 24, 2020 Oh well....

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes What kind of ‘rigour’ do RCTs provide?

NewDealdemocrat writes Weekly jobless claims: good news and ‘meh’ news

Angry Bear writes Just Some Business Stats

Lars Pålsson Syll writes Nationalekonomiska Föreningens Årsmöte


Fed allegedly going to buy corporate bonds to "help" this situation:

Article says:

The central bank is only buying investment grade corporate bonds, not high-yield bonds.

Only problem is S&P is downgrading all the big firms being effected all week:

Oh well....

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *