by ahosai

The Federal Reserve is following in the footsteps of the Bank of Japan and starting to purchase corporate debt and select ETFs. So it looks like big corporations are the first to get a handout from the government.

The SMCCF will purchase in the secondary market corporate bonds issued by investment grade U.S. companies and U.S.-listed exchange-traded funds whose investment objective is to provide broad exposure to the market for U.S. investment grade corporate bonds.