As of this moment, the Fed is an holder, via BlackRock and via HYG and JNK, of bonds which are in default, and which make the Fed a part of the Hertz post-petition equity once it emerges from bankruptcy.
The Fed Is Now The Proud Owner Of Bankrupt Hertz Bonds
| Source: | https://www.zerohedge.com/markets/fed-now-proud-owner-bankrupt-hertz-bonds |
| Published: | May 24, 2020 |
| Author: | Tyler Durden |
| Post Date: | 2020-05-24 21:34:54 by Horse |
| Views: | 97 |