Stocks, Gold, & Bonds Surge As Fed Unveils Unlimited Buying-Of-Everything Bailout Facility
- Stocks, Gold, & Bonds Surge As Fed Unveils Unlimited Buying-Of-Everything Bailout Facility
by Tyler Durden, https://www.zerohedge.com/
Just as we expected – given the political cover they have been provided – The Fed has this morning unveiled more programs, this time enabling The Fed to buy corporates bonds (primary and secondary). Additionally, in addition to Treasuries, The Fed will buy Agency Commercial MBS all in unlimited size.
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The market – for now – is loving the news. Bonds are bid.. Investment Grade credit is exploding higher… And gold is spiking…
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