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Fed corporate bond program starts with a fizzle as total assets near $7 trillion

The Fed’s weekly report of holdings inside its massive balance sheet showed total assets rose by $212 billion in the week ended May 13 to $6.98 trillion as its pace of mortgage bond purchases picked up.

The data showed its first-ever holdings of corporate bonds totaled just $305 million after the newest emergency facility launched by the central bank kicked off purchases on Tuesday.

Japan’s Slide Into Recession to Be Confirmed With Worse to Come

New York Gov. Cuomo expands phased reopening to five regions in state, but not NYC