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....

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