|Bid||84.97 x 2200|
|Ask||84.98 x 1300|
|Day's Range||84.85 - 85.07|
|52 Week Range||67.52 - 88.53|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-4.21%|
|Beta (5Y Monthly)||0.35|
|Expense Ratio (net)||0.49%|
Despite grilling Fed Chair Jay Powell on the central bank’s corporate bond purchases earlier this week, Sen. Pat Toomey says the Fed gets “good marks” for its response to the current economic crisis.
The Federal Reserve is doing its best to keep credit flowing during the pandemic, but it doesn’t have a magic wand to stop COVID-19, nor the ability to make earnings appear on corporate balance sheets.
Fed Chair Jerome Powell pushed back on concerns over the Fed’s intervention in the corporate bond market, saying its purchases are aimed at proper market functioning.