Touting the Success of Jawboning, Fed Steps Away from Corporate Bond Market
This article was written by Wolf Richter and originally published at Wolf Street The Fed’s super-hyped, glorified, deified, and ballyhooed $750-billion buying-program of corporate bonds and bond ETFs, including junk bonds and junk-bond ETFs, had triggered one of the most magnificent credit-market rallies ever. And then the Fed hardly bought anything. Now the Fed is touting its success in…