Fed’s Bond Purchasing Focuses Long Fixed Income ETFs
March 19, 2020 at 08:00 AM EDT
As part of its bond purchasing initiatives to help maintain liquidity in this coronavirus-stricken market, the Fed went long as in long duration bonds first and foremost in last week’s Treasury note purchases. The New York Federal Reserve opened its wallet and snatched up 20- to 30-year notes followed by other durations across the board.