New Buying Scheme Is a Boon for a Unique Junk ETF
After recently moving to prop up the investment-grade corporate bond market, the Federal Reserve is setting its sights on junk bonds. More specifically, fallen angels, or those bonds that were born as investment-grade issuers only to later be downgraded to junk territory.
Source: https://etfdb.com/tactical-allocation-channel/new-buying-scheme-is-boon-for-unique-junk-etf/
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