Introduction
COVID-19 has thrown the world into turmoil. Many large corporations have seen revenue drops of over 80% since March with no idea when "normal" operations can resume. Even as the economy restarts, high unemployment will cripple people's ability to spend and it's uncertain how many will want to fly, dine out or stay in a hotel. That could result in bonds, already rating-challenged, finding it hard to keep their current rating. Any downgrade would cause out-sized price drops. Or, as usually happens when the Money Supply explodes, inflation follows. The usual Fed tactic is