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Title

SPDR ETFs gives an update on the Fed Secondary Market Corporate Credit Facility (FSMCCF)

Event Description

What will be discussed:

  • Review of this weeks Fed data release on the details of the program
  • What does this mean for the fixed income market
  • What does this say about the liquidity profile of fixed income ETFs
  • Where do we expect the Fed to go from here

Featured Speakers:

  • Brad Kotler - Vice President, SPDR ETF Sales Execution & Institutional Strategy
  • Mark Ramunno - Vice President, SPDR Regional Consultant for Great Lakes

When: Thursday, July 9th at 11am EST or Tuesday, July 14th at 10am EST

Webcast Link:  https://statestreet.webex.com/meet/michael_ward

Join by Phone: +1-210-795-1110

Access Code: 593 778 931 #

Please RSVP to Mark Ramunno (Mark_Ramunno@ssga.com) or Mike Ward (Michael_Ward@ssga.com) with which Webcast date you would like to join and we will send you a calendar invite.

  • As of 6/24, $8.742B is the total Fed ownership of a combination of corporate fixed income ETFs and corporate bonds (we know the Fed began buying bonds on 6/16, and the holdings release doesn’t specify security type). 
  • $1.701B bought from June 17, through June 23 represents 5 days of buying or $340.2MM/day.
    • This is an uptick from last week’s pace of $308.4MM a day, which was expected given the continued volatility.  This is the heaviest buying pace we have seen since May 12, the start of the program.
    • The average buying pace over the life of the program has been $291.4mm/day, and the Fed has demonstrated that they buy at a slower pace in docile markets, and at a faster pace in more volatile markets.

Event Type

Career; Featured

Education Topic

 

Start Time

7/14/2020 10:00 AM

End Time

7/14/2020 11:00 AM

City

Webinar

State/Province

 

Event Country

 

Event Region

Americas

Location Info

Webcast Link:  https://statestreet.webex.com/meet/michael_ward

Join by Phone: +1-210-795-1110

Access Code: 593 778 931 #

Please RSVP to Mark Ramunno (Mark_Ramunno@ssga.com) or Mike Ward (Michael_Ward@ssga.com) with which Webcast date you would like to join and we will send you a calendar invite.

Speaker

 

CE Credits

Yes

SER Credit

No

Currency

$

Member Price

$0

Non-Member Price

$0

Candidate Price

$0

Registration

Webcast Link:  https://statestreet.webex.com/meet/michael_ward

Join by Phone: +1-210-795-1110

Access Code: 593 778 931 #

Please RSVP to Mark Ramunno (Mark_Ramunno@ssga.com) or Mike Ward (Michael_Ward@ssga.com) with which Webcast date you would like to join and we will send you a calendar invite.

All Day Event

 

Recurrence

 

Image

 

Recording

 

End

7/14/2020 11:00 AM

Event Link

SPDR ETFs gives an update on the Fed Secondary Market Corporate Credit Facility (FSMCCF)

Event Link Leads To New Tab

Yes

Event Short Info

SPDR ETFs gives an update on the Fed Secondary Market Corporate Credit Facility (FSMCCF)

Attachments

Content Type: MyCFA Calendar
Created at 7/9/2020 12:02 PM by cfa@cleveland.cfasociety.org
Last modified at 7/9/2020 12:03 PM by cfa@cleveland.cfasociety.org