Re: God bless America ¶
By: hobi50 on Lunedì 23 Marzo 2020 15:38
La Fed compra "tutto " e da il via al più gigantesco "magna magna della storia ".
The Fed had originally planned to purchase at least $500bn in US Treasuries and at least $200bn in agency mortgage-backed securities. In recent days it has sped up the pace of these purchases, after earlier interventions failed to address strains that had emerged in both debt markets. By Friday, it had already completed roughly half of its planned Treasury purchases, as well as about a third for the agency mortgage-backed securities. Following a meeting of the Federal Open Market Committee, its monetary policy setting committee, the US central bank is no longer putting a numerical cap on its purchases of Treasuries and mortgage-backed securities, instead signalling that it is prepared to act as much as necessary. The Fed also unveiled two new facilities that allow it to purchase corporate bonds, including new issues. Another facility called TALF — revived from the 2008 financial crisis — gives the Fed the ability to buy securities backed by student, car and credit-card loans, as well as loans to businesses through the Small Business Administration. The Fed also expanded existing programmes to ease strains in the markets for municipal debt and the short-term loans known as “commercial paper.” The Fed also said it would soon announce a “Main Street Business Lending Programme” to lend directly to small businesses.
Hobi
Last edited by: hobi50 on Lunedì 23 Marzo 2020 15:43, edited 1 time in total.