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NY Fed Corp Bond Sale Annc

FED
NY Fed annc'd earlier their intention to begin a gradual unwind of their corporate bond holdings from it's Secondary Market Corporate Credit Facility (SMCCF) portfolio starting next week Monday -- after like unwind in ETFs started Wednesday, July 7.
  • As with ETF sales, the sales of the SMCCF corporate bond holdings will be gradual and orderly, and will be conducted in a manner that aims to minimize the potential for any adverse impact on market functioning by taking into account liquidity conditions in the secondary market for corporate debt.

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