forthcoming corporate bond backstop facilities have capped risk premia at levels 100 basis points above non-recession averages …

Recession. Findings indicate that the announcement of forthcoming corporate bond backstop facilities had helped stop risk premia … from rising further than they had by late-March 2020. In doing so, these Fed facilities have limited the role of external …

forthcoming corporate bond backstop facilities have capped risk premia at levels 100 basis points above non-recession averages …