Image Source: Reuters
By Yihan (Bradley) Tian
Two months ago, Boeing requested a federal bailout of $60 billion. Subsequent federal purchases of Boeing’s corporate bonds proved to be pivotal; as of now, Boeing has been able to accrue over $25 billion from private investors, effectively voiding its need for federal aid.
The concrete assurance from the Fed to provide unlimited support to the credit market has brought surges in April’s debt offering cap far beyond the $259 billion recorded at the end of March. Companies, regardless of their income, have ready access to the debt market and to the seeming unlimited balanced sheet of Federal government.
Source: CNBC, Reuters, Bloomberg, Reuters, NYSE
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