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The Fed’s $250 Billion Debt-Buying “Index” Loophole – ZeroHedge

Full Article: ZeroHedge

Initially, the SMCCF was structured to hold two types of investments, “Eligible Individual Corporate Bonds” and “Eligible ETFs”. Yesterday, the Fed introduced a third category: “Eligible Broad Market Index Bonds”. This new category allows the Fed to immediately begin buying individual corporate bonds in much larger volume than previously anticipated.

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