Bears Fled the Scene After Fed Backstopped High-Yield ETFs
June 08, 2020 at 13:39 PM EDT
The Federal Reserve’s decision to backstop high yield exchange-traded funds (ETFs) as part of its stimulus measures to help boost the bond market amid the pandemic saw bears flee the scene like Yogi Bear spotting Ranger Smith. Per a recent Bloomberg report, the bearish pressure “on exchange-traded...