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The Fed will start buying debt backed by emergency small-business loans — giving banks more leeway to offer critical aid

The Fed's new program will allow banks to sell their small business debt and shore up cash for additional relief lending.

The Fed is powerless to stop the market’s riskiest debt from getting downgraded and defaulting, Goldman says

The bank's baseline scenario sees the 12-month trailing default rate jumping to 13% through 2020 and $555 billion in bonds downgraded to junk status.
This November 15, 2011 photo shows vehicles as they drive by the US Treasury Building in Washington, DC.

Foreign central banks sold off more than $100 billion in US Treasuries as cash demand surged

The sell-off arrived as liquidity in the Treasury market sank to historic lows. The Fed has since opened a new facility for easing such trades.
A view of a mostly empty Western Avenue near Pike Place Market during the coronavirus disease (COVID-19) outbreak in Seattle, Washington, U.S. March 31, 2020.

JPMorgan: The best possible outcome for a quick market recovery is shaping up as signs emerge globally

Markets with "direct policy backstops" stand to rebound fastest, but those with a more U-shaped trend still present value to investors, JPMorgan said.

‘I will be watching carefully’: Elizabeth Warren just put the Treasury Department and Federal Reserve on notice about the $500 billion cor...

A battle is brewing among top Democrats and the Trump administration around oversight of a $500 billion lending program for large corporations.
People stand under a sign of Swiss banking giant UBS at their headquarters on May 8, 2019 in Zurich.

UBS outlines an ‘enormous opportunity’ to buy up high-quality stocks and bonds following a sharp sell-off in recent weeks

Recent weeks saw equities across all S&P quality rankings tumble, and investors should "own high-quality names" when the virus threat fades, UBS said.
Federal Reserve Chairman Jerome Powell speaks at the Economic Club of New York on November 28, 2018 in New York City.

The Fed starts a new program to provide dollars to central banks and calm the $5 trillion currency market

The facility will allow foreign central banks to swap US Treasuries for dollars as demand for the currency skyrockets amid coronavirus concerns.
Traders work on the floor of the New York Stock Exchange (NYSE) as the Federal Reserve Board Chairman Jerome Powell holds a news conference on December 19, 2018 in New York City.

BANK OF AMERICA: After a ‘Fast and Furious’ market downfall, investors should buy whatever the Fed buys

Investment-grade corporate bonds will jump first as the Fed begins buying debt and sector outflows slow, the bank's strategists said.

BlackRock won’t charge the New York Fed fees on ETFs included in its bond-buying program

Earlier this week, the Fed engaged BlackRock to purchase tens of billions of bonds as part of its massive debt-buying program.
A man walks past the U.S. Federal Reserve in Washington October 12, 2016.

The Fed’s balance sheet exceeds $5 trillion for the first time in history amid the bank’s wave of coronavirus relief efforts

The Fed bought up $355 billion in Treasuries and mortgage-backed securities in the past week to further ease coronavirus-fueled liquidity concerns.