Apple, AT&T, Jack Daniel’s: fed issues details on bond buys

Fox Business | Jun 29, 2020 at 1:17 PM
  • The Federal Reserve on Sunday released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of credit.
  • The Fed announced in March that it would, for the first time in its history, purchase corporate bonds as the intensifying viral outbreak caused panicked investors to dump most types of securities in a rush to hold cash.
  • The Fed will only buy highly rated debt from financially healthy companies, or ones that were highly rated before the pandemic struck.