1. A New Mystery Bedevils Fed Data.
- Author
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BURNE, KATY
- Subjects
- *
CORPORATE bonds , *INTEREST rates , *BANKING industry , *GOVERNMENT policy - Abstract
The article cites statistics released by the central bank the Federal Reserve Bank of New York to state that large U.S. banks reported holding negative $1.4 billion of investment-grade corporate bonds maturing in at least 13 months for the first time in history for the week ending October 28, 2015. The article discusses the potential impact of the figures on the U.S. central bank the Federal Reserve (Fed) and its deliberations on raising the interest rate.
- Published
- 2015