Fed launches commercial paper funding facility today [Seeking Alpha]
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
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Source: Seeking Alpha
Financials|Fed launches commercial paper funding facility todayApr. 14, 2020 3:57 AM ETLiz KiescheTo help address liquidity issues caused by economic impacts of the coronavirus, the Federal Reserve launches a funding backstop for commercial paper markets today.In a program similar to one used during the 2008 financial crisis, the U.S. central bank becomes a lender of last resort for companies unable to borrow in the short-term market.The special purpose vehicle will buy higher-rated, three-month unsecured and asset-backed paper from eligible bank, corporate, special-purpose entity, and municipal issuers."I don't know if it's going to get a whole lot of utilization," Deborah Cunningham, chief investment officer at Federated Hermes in Pittsburgh, told Fox Business. Still, it adds a floor if spreads get too wide, she said.Issuers may not like the 10-basis point facility fee they're required to pay, she added.Previously:Fed fires another bullet: Establishes commercial paper funding facil
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News
- Federated Hermes, Inc. announces changes to Investment and Distribution executive leadership and Board of Directors [Yahoo! Finance]Yahoo! Finance
- Federated Hermes, Inc. announces changes to Investment and Distribution executive leadership and Board of DirectorsPR Newswire
- Emerging markets paying better with lower volatility than developed peers: Fixed income head [CNBC]CNBC
- Unlocking Growth: How Trade Finance Fuels Middle Market Business [Forbes]Forbes
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income FundPR Newswire
FHI
Earnings
- 10/30/25 - Beat
FHI
Sec Filings
- 12/2/25 - Form 8-K
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- FHI's page on the SEC website