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Fed bought debt in Warren Buffett's Berkshire Hathaway, Coca-Cola, Walmart, and McDonald

Sven
in Other Investing
The Federal Reserve spent $428 million buying debt in individual companies in the first wave of its corporate bond-buying programme, data released Sunday showed.

It bought the corporate bonds in households names such as Walmart, Coca-Cola, McDonald's, and Warren Buffett's Berkshire Hathaway, the data showed.

The Fed spent $5.7 million on debt in Berkshire Hathaway Energy, a subsidiary of Buffett's conglomerate.

$6.8 billion worth of corporate debt ETFs were also bought by the Fed, with the central bank pouring $1.8 billion into a single ETF.

https://markets.businessinsider.com/news/stocks/federal-reserve-buys-corporate-debt-berkshire-hathaway-walmart-mcdonalds-cocacola-2020-6-1029349199
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