Open Demo Account
Home / Market Update / Forex Market / Federal Reserve Buys Apple and Ford Bonds

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.

Tags

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends