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The US Federal Reserve begins buying bonds under an enhanced liquidity pumping program
The Federal Reserve launched a wave of purchases of $ 37 billion in Treasury bonds as part of improved measures to pump liquidity into the market announced Thursday to address the volatile conditions in the government bond market due to the outbreak of the Corona virus.
The New York Federal Reserve Bank, the market agent for the Federal Reserve System, said that the purchases began an hour after Wall Street opened, and will continue into the afternoon as it targets five different entitlement sectors.
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