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Federal Reserve Buys Apple and Ford Bonds

M. Ali 10 July, 2020 7:56 pm Forex Market, Market Update

The US Federal Reserve has added $1.33 billion worth of bonds from individual companies on June 22-30, Reuters reported.

The bond purchases included big company names, such as Apple, Walt Disney, and Ford Motor.

The Fed has already bought $428 million worth of bonds bought as part of a large corporate bond-buying program that was launched on June 18.

The move is part of efforts to offset the economic effects of the COVID-19 crisis.

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