4 ms·
A lot of it is going into prop-ing up corporate debt. I remember that they even bought junk rated bonds.
by lifty 6y ago
A lot of it is going into prop-ing up corporate debt. I remember that they even bought junk rated bonds.
- ummonk 6y agoI don't think they ended up having to buy them as the mere promise to buy them was enough to get private investors to boost junk bond prices.
- mrep 6y agoLooking at the most recent balance sheet [0], corporate bonds look to be under the other securities section which has 86 billion in assets or about 1.2% of the asset sheet. Most of the balance sheet is taken up by U.S. Treasury securities and Mortgage-backed securities. [0]: https://www.federalreserve.gov/releases/h41/current/h41.htm https://www.federalreserve.gov/releases/h41/current/h41.htm