EconomyTop News

Fed corporate bond program starts with a fizzle as total assets near $7 trillion

imageEconomy2 hours ago (May 14, 2020 05:20PM ET)

(Reuters) – The Federal Reserve’s stash of bonds and other assets grew to nearly $7 trillion this week, but several of its programs are seeing slackening demand from banks and investors and a much-anticipated corporate bond buying facility bought little in its first two days of operations.

The Fed’s weekly report of holdings inside its massive balance sheet showed total assets rose by $212 billion in the week ended May 13 to $6.98 trillion as its pace of mortgage bond purchases picked up.

The data showed its first-ever holdings of corporate bonds totaled just $305 million after the newest emergency facility launched by the central bank kicked off purchases on Tuesday.

Fed corporate bond program starts with a fizzle as total assets near $7 trillion

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.