The Fed begins purchases of up to $250 billion in individual corporate bonds | Markets Insider

Main Street traders have been crushing Wall Street in recent months. Goldman Sachs breaks down what retail investors should buy to keep winning - and lists the 12 stocks leading the charge.

The Fed's first purchases of individual bonds arrive months after the program's March 23 reveal set the bottom for risk markets. Investors flocked back to stocks and corporate debt after the announcement, heralding the facilities as a backstop for both asset classes. Before any individual bonds were taken up by the Fed, the S&P 500 rallied out of its coronavirus slump on the policy-fueled optimism and hope for a rapid economic recovery.

The central bank has taken in roughly $5.5 billion through its ETF purchases so far. Its Primary Market Corporate Credit Facility, which will focus on buying debt directly from firms, is not yet operational and can take in up to $500 billion of corporate credit.Participating issuers need to have been rated investment-grade as of March 22 to participate in the Fed's individual bond purchases, according to a term sheet.

The $600 billion facility was also revealed in late March but has run late in starting operations due to last-minute changes, chairman Jerome Powell said during a Wednesday press conference.

which corporations? all of them? or just the ones approved by trump?

Politicians only care about their corporate friends..remember in november..no incumbents

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