Fed to buy corporate bonds

• The Federal Reserve says it plans to buy individual corporate bonds on top of the ETFs it is already snapping up.
• The central bank plans to buy on the secondary market individual bonds that have remaining maturities of five years or less. Issuers must have been rated BBB- or Baa3 as of March 22 when the Fed first announced corporate credit facilities.
• Related ETFs: LQD, CORP, QLTA, USIG, VTC, FCOR, SPBO, IG, FLDR, SPXB, IGEB, VCLT.