BUSINESS
Fed’s balance sheet tops $7 trillion, shows increased buying of corporate bond ETFs
BUSINESS

Fed’s balance sheet tops $7 trillion, shows increased buying of corporate bond ETFs

Published: May 21, 2020  |  1 min read, 249 words
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The numbers: The Federal Reserve’s balance sheet increased to $7.09 trillion for the week ending in May 20, up from $6.98 trillion in the previous week, the central bank said Thursday.What happened: The Fed’s holdings in its corporate credit facility grew by $1.50 billion to $1.80 billion, after the central bank announced last Tuesday it would buy corporate bond exchange-traded funds.The central bank’s support has driven up prices for these ETFs, especially for those focusing on investment-grade issuers.See:The iShares iBoxx $ Investment Grade Corporate Bond ETFis up 2.1% year-to-date,... READ MORE
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