High yield bond issuers rush into action following Fed announcement
Source: Dealogic, Debtwire Par
High-yield (HY) bond issuers are jumping back into action, as more clarity emerges from the Federal Reserve around the tapering of its monthly bond-purchasing program. The Fed announced on 3 November that it plans to slow monthly bond purchases by USD 15bn each month from the current monthly level of USD 120bn. The decision is another show of faith that the US economy has moved past the worst effects of the coronavirus (COVID-19) pandemic and is growing at a healthy clip.
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