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Thanks, JayPo! Bond Speculators Get Boost From Fed Purchase Of 84 Corporates

Summary:
The bonds that the Fed purchased were issued by 84 companies, in industries ranging from tobacco to video games, across the spectrum of US companies, and US subsidiaries of foreign companies (such as Toyota’s US finance subsidiary). The issuers include several of Warren Buffett’s companies, all kinds of energy companies, and some junk-rated companies, such as Ford. https://wolfstreet.com/2020/06/28/fed-discloses-it-bought-tiny-amounts-of-corporate-bonds-including-a-whopping-15-5-million-with-an-m-in-junk-bonds/

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The bonds that the Fed purchased were issued by 84 companies, in industries ranging from tobacco to video games, across the spectrum of US companies, and US subsidiaries of foreign companies (such as Toyota’s US finance subsidiary). The issuers include several of Warren Buffett’s companies, all kinds of energy companies, and some junk-rated companies, such as Ford.

https://wolfstreet.com/2020/06/28/fed-discloses-it-bought-tiny-amounts-of-corporate-bonds-including-a-whopping-15-5-million-with-an-m-in-junk-bonds/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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