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Stock impact report

UPDATE 1-Opportunity still seen in U.S. corporate debt market after Fed boost [Reuters]

Burlington Stores, Inc. (BURL) 
Last burlington stores, inc. earnings: 3/5 06:45 am Check Earnings Report
US:NYSE Investor Relations: burlingtoninvestors.com
Company Research Source: Reuters
UPDATE 1-Opportunity still seen in U.S. corporate debt market after Fed boost (Recasts throughout) By Kate Duguid NEW YORK, April 15 (Reuters) - U.S. corporate debt has already rebounded on the back of the Federal Reserve’s unprecedented support for the market, but investors like PIMCO still see value in some top-shelf names, saying the risk of default is lower than current prices indicate. The Fed on March 23 announced it would for the first time purchase corporate bonds, backstop direct loans to companies and extend credit to small businesses. On Thursday, it said it would expand its bond-buying to include companies recently downgraded into junk territory as well as junk bond exchange-traded funds (ETFs). Credit spreads, which on March 23 were the widest since the financial crisis, have narrowed considerably. The spread, using the ICE/BofA investment-grade corporate index has narrowed by 155 basis points while the high-yield index has narrowed by 317 basis points. Spreads - referrin Show less Read more
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