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UPDATE 1-Fed support fuels corporate debt spree in April [Reuters (UK)]

MGM Resorts International (MGM) 
Last mgm resorts international earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.mgmresorts.com
Company Research Source: Reuters
Fed support fuels corporate debt spree in April - Reuters 4 Min Read NEW YORK (Reuters) - Issuance of investment-grade corporate debt in April so far has hit $203.4 billion, slightly below March’s record, buoyed by the Federal Reserve’s unprecedented intervention into credit markets to blunt the economic effects of the coronavirus pandemic. A record-breaking $234.7 billion was issued in March, according to Refinitiv data, as the shutdown of the U.S. economy left many businesses in dire need of cash. The borrowing slowed slightly in April as companies headed into earnings season. On Wednesday, Fed Chair Jerome Powell said the central bank’s programs have helped restore confidence in markets and allowed companies to secure more private financing. The remarks were made during a news conference after the bank’s two-day policy meeting, the first since its emergency sessions in March and April. In an effort to maintain market liquidity, the Fed has pledged to buy investment-grade bonds as w Show less Read more
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