Automakers, Technology Firms Are Largest Components of Fed’s Corporate-Bond Purchases


Automakers, Technology Firms Are Largest Components of Fed’s Corporate-Bond Purchases

Apple Inc., Verizon Corp. and the U.S. divisions of several foreign auto makers are among the largest direct beneficiaries of Federal Reserve efforts to support the corporate-debt market, according to disclosures Sunday.

In all, the Fed on Sunday identified 794 companies whose bonds it will be buying directly to support the market for investment-grade corporate debt. In addition to Apple and Verizon, the recipients include AT&T Inc. and the U.S. units of Toyota Motor Corp., Volkswagen AG and Daimler AG. Together those…


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