SPBO - Fed To Purchase Corporate Bonds Through ETFs
By Michael D. Hyman CIO, Global Investment Grade and Emerging Markets Invesco Fixed Income; Matt Brill, Senior Portfolio Manager Senior Portfolio Manager; Steven Thompson, Senior Client Portfolio Manager
The central bank’s actions should support liquidity and pricing for the investment grade and high yield corporate bond markets.
On March 23, the US Federal Reserve (Fed) announced its intent to acquire investment grade corporate bonds. The purpose of the communication was to support a market in which sharp price declines were threatening to disrupt the normal functioning of primary (new issue) and secondary market