UPDATE 1-Junk bond prices rally after Fed offers a lifeline
Prices on U.S. high-yield
exchange-traded funds tracking the junk bond market, and stocks
and bonds of “fallen angel” companies such as Ford Motor Co
, soared on Thursday after the Federal Reserve announced it
would expand its corporate bond-buying program to include some
speculative-grade debt.
exchange-traded funds tracking the junk bond market, and stocks
and bonds of “fallen angel” companies such as Ford Motor Co
, soared on Thursday after the Federal Reserve announced it
would expand its corporate bond-buying program to include some
speculative-grade debt.
Posted by Reuters
