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Automakers, Technology Firms Are Largest Components of Fed’s Corporate-Bond Purchases – The Wall Street Journal


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Automakers, Technology Firms Are Largest Components of Fed’s Corporate-Bond Purchases – The Wall Street Journal

Apple Inc., Verizon Corp. and the U.S. divisions of several foreign auto makers are among the largest direct beneficiaries of Federal Reserve efforts to support the corporate-debt market, according to disclosures Sunday. In all, the Fed on Sunday identified 794 companies whose bonds it will be buying directly to support the market for investment-grade corporate…

Apple Inc., Verizon Corp. and the U.S. divisions of several foreign auto makers are among the largest direct beneficiaries of Federal Reserve efforts to support the corporate-debt market, according to disclosures Sunday.

In all, the Fed on Sunday identified 794 companies whose bonds it will be buying directly to support the market for investment-grade corporate debt. In addition to Apple and Verizon, the recipients include AT&T Inc. and the U.S. units of Toyota Motor Corp., Volkswagen AG and Daimler AG. Together those…

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