A Federal Reserve Board staff note finding that corporate bond trading conditions improved sharply after the March 2020 announcement and before the Fed bought anything, with little added improvement once purchases began. It describes the facility as a first in the Fed's history.
for the first time in its history
A Federal Reserve Board staff note finding that corporate bond trading conditions improved sharply after the March 2020 announcement and before the Fed bought anything, with little added improvement once purchases began. It describes the facility as a first in the Fed's history.