HY bonds skyrocket as Fed extends its bond buying program


In an intra-day note to investors, Gorilla Trades strategist Ken Berman, while comenting on the Fed’s plan to extend its bond buying program, said:Q1 2020 hedge fund letters, conferences and moreFed’s Bond Buying Program To Cover Junk BondsThe major indices are all in the green with small-caps leading the way high for the second day in a row. The Fed announced the details of its comprehensive $2.3 trillion lending program to assist the post-COVID recovery this morning, with a stronger focus on the hardest hit small- and mid-sized businesses. The Russell 2000 surged higher thanks to the announc…

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