https://twitter.com/PhilipSoos/status/1374699104220057605
The Fed's COVID-era emergency powers to buy corporate bonds in the secondary market was rescinded in December. Now it requires Congressional approval to be reinstated.
In a meltdown scenario, corporate bonds will be bidless, and they are trading appropriately. pic.twitter.com/Mfbtkyqn1k
— Mac10 (@SuburbanDrone) March 23, 2021
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