CRITIC
N/A
No Rating
0 reviews
USER
N/A
No Rating
0 reviews
RECENT ARTICLES
gold-cheese88%
Fed’s balance sheet tops $7 trillion, shows increased buying of corporate bond ETFs

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

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,...

marketwatch.com
Sunny Oh
5d ago
Worthy
Share
Save
Give Tip
Review
gold-cheese88%
Former IMF chief economist says Fed’s bond-buying is ‘smoke and mirrors,’ doesn’t solve U.S. debt problems

Former IMF chief economist says Fed’s bond-buying is ‘smoke and mirrors,’ doesn’t solve U.S. debt problems

U.S. & CanadaThe Federal Reserve’s massive bond buying to stabilize financial markets in the wake of the coronavirus pandemic does not change the fact that the U.S. still has to deal with a mountain of debt, warned former IMF chief economist Ken Rogoff.Noting the Fed’s willingness to expand its balance sheet has helped to convince market participants to keep buying U.S. Treasury debt as the fiscal deficit soars, Rogoff said the central bank’s purchases did not change the overall stock of public debt.“It’s absolute smoke and mirrors. There’s almost zero difference from the Fed buying...

marketwatch.com
Sunny Oh
6d ago
Worthy
Share
Save
Give Tip
Review
OUTLETS
marketwatch.com

marketwatch.com

CRITIC
N/A
No Rating
USER
img-trusted
88%