SINGAPORE (June 18): From 16 June, the US Federal Reserve will commence individual corporate bond purchases under its Secondary Market Corporate Credit Facility (SMCCF). While this move comes in addition to existing exchange-traded funds (ETF) purchases, the Fed has reiterated that this does not constitute an expansion of existing credit facilities. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe