The Effect of the US Government’s Intervention in the Corporate-Bond Market

The Effect of the US Government’s Intervention in the Corporate-Bond Market

On March 23, the Fed and U.S. Treasury announced the Primary and Secondary Market Corporate Credit Facilities (PMCCF and SMCCF), designed to stabilize the corporate-bond and loan markets amid the COVID-19 crisis. What effect did this intervention have?

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Source: MSCI. Learn more about our Fixed Income Indexes.

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