(June 19): The US Federal Reserve has started buying corporate bonds in the secondary market, but it is not the first of its peers to do so. The European Central Bank (ECB) has been buying investment-grade corporate debt for more than four years, amassing the equivalent in euros of a US$250 billion ($348 billion) portfolio. Coincidentally, that’s how much the three-month Fed programme will be able to purchase.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $4.99/month*

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


  • 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