The Federal Reserve has started buying corporate junk bonds (BB- and up).
The composition of the bond market is the following. So basically, the Fed can buy the whole corporate bond market now.
This will support the corporate bond market and probably push the S&P 500 higher.
Corporate bond yields will fall back down for corporate bonds rated BB- and higher.
The composition of the bond market is the following. So basically, the Fed can buy the whole corporate bond market now.
This will support the corporate bond market and probably push the S&P 500 higher.
Corporate bond yields will fall back down for corporate bonds rated BB- and higher.
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