Sweat wiped off foreheads in asset markets as Fed’s measures kick in
US Federal Reserve’s intervention helps to clear logjam in debt markets making much needed cash available
25 March 2020 - 11:14
New York — Investors across a broad range of asset markets breathed a sigh of relief on Tuesday, a day after the Federal Reserve (Fed) rolled out unprecedented measures aimed at boosting liquidity and bolstering investor confidence in the face of a spreading coronavirus pandemic.
As equities ripped higher about the world, a string of investment-grade companies tapped a better-functioning debt market for much-needed cash after the Fed’s measures helped ease a logjam that had frozen credit markets...
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