#AceFinanceDesk …………The U.S. Federal Reserve bought $428 million in bonds of individual companies th rough mid-June, making investments in familiar household names like Walmart and AT&T as well in major oil fi rms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett ’s Berkshire Hathaway holding company @ReutersBiz reports

“The transactions disclosed Sunday are the first individual company bond purchases made by the Fed under new programs set up to nurse the economy through the coronavirus pandemic. The Fed also added $5.3 billion in 16 corporate bond exchange traded funds, including a newly added sixth high yield fund.”

Published: June.28: 2020: https://t.co/099L2v5kBW

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