Global Trade Alert
Global Trade Alert

United States of America: The Federal Reserve purchases International Business Machines Corp. corporate bonds in August 2020

Announcement

10 Aug 2020

In August 2020, the Federal Reserve purchased International Business Machines Corp corporate bonds as part of the Secondary Market Corporate Credit Facility (SMCCF) scheme.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

10 Aug 2020

Revocation date:

No revocation date

State loan In force

On 10 August 2020, the Federal Reserve announced the purchase of USD 12 million worth of International Business Machines Corp corporate bonds over the past month. The operation is part of the Secondar...

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