UPDATE 3-Junk bond prices rally after Fed offers lifeline to riskier credits
Prices on U.S. high-yield bond
exchange-traded funds and individual junk-rated issues like Ford
Motor Co and Macy’s Inc 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 and individual junk-rated issues like Ford
Motor Co and Macy’s Inc 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
