The new Money Market Mutual Liquidity Fund will provide loans to financial institutions to buy assets from prime money market funds.
Concern had risen in recent days about the prime funds, which purchase non-Treasury debt, such as corporate debt, commercial paper and government agency debt.
US Federal Reserve Chair Jerome Powell speaks at a "Fed Listens" event in Washington, DC, on October 4, 2019.The Federal Reserve took another page out of its 2008 crisis-era playbook late Wednesday evening, invoking its emergency authority to create a backstop for prime money market mutual funds. Concern had risen in recent days about the prime funds, which purchase non-Treasury debt, such as corporate debt, commercial paper and government agency debt. They had seen outflows as large corporate and institutional depositors sought to raise cash amid the financial turmoil stemming from the coronavirus.It was the second program in two days to use a $10 billion backstop from the Treasury Department's Exchange Stabilization Fund.
The move was another sign of turmoil inside the financial system created by the coronavirus, and it remained unclear if the constant barrage of programs from the Fed and the Treasury would be enough to restore order.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
As panic selloff grips investors, their kids need lunchAs Wall Street suffered its worst one-day rout in three decades on Monday, finan...
続きを読む »
Federal Reserve to Launch Commercial Paper Funding Facility Amid Coronavirus UncertaintyThe Federal Reserve said it would establish a lending facility to support short-term commercial debt markets to prevent intensifying funding strains from accelerating economic damage from the coronavirus.
続きを読む »
Wall Street slumps, government bonds hammered as stimulus high fadesGlobal stocks stumbled back into the red on Wednesday as fears over the coronavirus fallout eclipsed large-scale support measures rolled out by policymakers around the globe
続きを読む »
Dow futures down 100 points as Wall Street's equity rout continuesFutures contracts tied to the major U.S. stock indexes pointed to another lower open at the opening of extended trading Wednesday evening.
続きを読む »
5 things to know before the stock market opens TuesdayU.S. stock futures, in a volatile session, point to a bounce after Wall Street's worst day since the 1987 'Black Monday' market crash.
続きを読む »