(Bloomberg) — The U.S. central bank expects to begin purchasing shares of eligible exchange-traded funds as part of its emergency lending programs in early May, according to the Federal Reserve Bank of New York.Lending through the Fed’s so-called secondary market corporate credit facility and primary market corporate credit facility via purchases of corporate bonds will begin soon thereafter, the New York Fed announced Monday on its website.“Additional details on timing will be made available as those dates approach,” it said.The credit facilities are backed by the more than $2 trillion economic relief package passed by Congress in March, to help …read more
Source:: Yahoo Finance
