New Fed Bond Buying Scheme Could be a Boon for a Unique Junk ETF
April 13, 2020 at 04:15 AM EDT
After recently moving to prop up the investment-grade corporate bond market, the Federal Reserve is setting its sights on junk bonds. More specifically, fallen angels, or those bonds that were born as investment-grade issuers only to later be downgraded to junk territory. That could be a boon for...