TEK2day

Operating at the Intersection of Technology and the Capital Markets

    Fed Disclosure: Secondary Market Corporate Credit Facility Includes Amazon, Apple, Microsoft & More

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    jonathanmaietta

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    Adobe (ADBE), Amazon (AMZN), Apple (AAPL), Broadcom (AVGO), Microsoft (MSFT) and Oracle (ORCL) were among the Technology companies included in the Fed’s July 10th SMCCF disclosure. The Fed has purchased $137 million par value of Technology company fixed income securities through June 26th or approximately 9% of a total par value of approximately $1.5 billion. CLICK HERE to access the full disclosure (29-page PDF file).

    The four tables below include: 1.) The Fed’s fixed income sector allocations, 2.) a bond rating summary covering the Fed’s purchase activity, 3.) a summary of Fed ETF purchases and 4.) a list of eligible sellers for the Fed’s bond and ETF purchases. (data source: Federal Reserve July 10th SMCCF disclosure).

    TABLE 1: Sector allocation for corporate issuers that participated in the Fed’s SMCCF program. Click Here to access the Fed’s bond position summary detail. Click image to expand or download.
    TABLE 2: Rating summary for corporate issuers that participated in the Fed’s SMCCF program. Click image to expand or download.
    TABLE 3: Summary of Federal Reserve ETF Purchases. Click Here for ETF detail. Click image to expand or download.
    TABLE 4: List of Eligible Sellers for Fed bond and ETF purchases. Click image to expand or download.