The Federal Reserve may announce measures on Sunday night aimed at bolstering li...
NEW YORK - The Federal Reserve may announce measures on Sunday night aimed at bolstering liquidity in the commercial paper market, used by companies for short-term loans, analysts at Bank of America wrote.
The measures, if taken, would be aimed at buffering the market ahead of potentially large outflows from money market funds in coming days, analysts at the bank wrote. Investors are demanding the highest premium since March 2009 to hold riskier commercial paper versus the safer equivalent, according to Refinitiv Eikon data. The spread between the overnight AA-rated paper of nonfinancial companies versus riskier overnight P2 paper rose to 73 basis points on Thursday, the most recent data available from the Federal Reserve US1DCP22=, US1DCP=.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
News to smile about: 'Frozen 2' coming to Disney+ this Sunday, three months earlyThe move by Disney could presage how other media companies funnel their films to streaming services in the coming weeks as studios look for ways to capitalize on audiences stuck at home.
Read more »
Egypt suspends schools, universities for two weeks from SundayEgypt will suspend schools and universities for two weeks starting March 15 amid...
Read more »
Walmart cuts hours at 24-hour stores and other locations nationwide starting Sunday due to coronavirusThe spread of the coronavirus is leading Walmart to cut store hours at locations nationwide include Neighborhood Market stores.
Read more »
How Food Banks Are Gearing Up To Keep People Fed As Coronavirus SpreadsAs coronavirus spreads, food banks are increasing their orders and calls for volunteers in anticipation of higher demand for food assistance, and are preparing distribution plans so they can still reach vulnerable populations. wamu885
Read more »
Jacqueline Jossa is fed up of coronavirus, has her period and is stuck at homeJacqueline Jossa is fed up as she moaned about being scared of coronavirus, and being stuck at home with her period and 'devil' children
Read more »
Exclusive: U.S. Fed, banks discuss possible leniency on liquidity threshold to aid lending, sources sayThe U.S. Federal Reserve is talking with lenders about potentially going easy on...
Read more »