Tag Archives: Treasury Department

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The Fed’s Corporate Credit Facility

Author: Robert Eisenbeis, Ph.D., Post Date: July 6, 2020

On June 15, the Federal Reserve published revised terms and conditions for what it calls its Secondary Market Corporate Credit Facility, which is a special-purpose vehicle (SPV) created to purchase in the secondary market corporate debt that meets certain eligibility requirements. See https://www.newyorkfed.org/markets/secondary-market-corporate-credit-facility/secondary-market-corporate-credit-facility-terms-and-conditions. Included will be individual corporate bonds, certain exchange-traded funds (ETFs), and bond […]

Cumberland Advisors Market Commentary – McConnell as Meredith Whitney

Author: John R. Mousseau, CFA, Post Date: April 23, 2020
Market Commentary - Cumberland Advisors -McConnell as Meredith Whitney (Mousseau)

Senate Majority Leader McConnell yesterday was reported by Bloomberg News as saying that he “would certainly be in favor of allowing states to use the bankruptcy route” rather than giving them a Federal bailout. This reminded us of 2010 when Meredith Whitney, a noted bank analyst, predicted that there would be hundreds of billions of […]