Fed buys EUR 282 million of ETFs at launch of historic program

The US central bank is intervening due to the corona crisis.
Photo: OLIVIER DOULIERY/AFP / AFP
Photo: OLIVIER DOULIERY/AFP / AFP
BY MATTHEW BOESLER/ BLOOMBERG

The Federal Reserve bought EUR 282 million (USD 305 million) of exchange-traded funds on the first day of its historic intervention into U.S. corporate debt markets, according to data published Thursday.

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