Martin Everson said:
I am waiting for them now to pledge to effectively bail out the US Bond market. Lot of US companies especially in oil and gas that issued junk bonds.
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Well right on queue they have pledged to do exactly what I said above....lol. They are bailing out the entire U.S bond markets as I thought. They have no choice really they got to now prevent a depression.
https://www.realclearpolitics.com/v...rtgage-backed_securities_in_vast_amounts.html
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"We've made three new announcements that with the Fed we'll be supporting the asset-backed markets, the primary corporate bond markets, the secondary corporate bond markets." - Steven Mnuchin
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.