Fed extends TALF support to CMBS, CLOs

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By Max Adams
09 Apr 2020

The Federal Reserve on Thursday announced that the Term Asset Backed Lending Facility (TALF) will be expanded to include triple-A rated CMBS and CLO paper as eligible collateral, part of another sweeping set of relief measures to support the economy as damage from the virus pandemic mounts.

The Fed's move is a change from the original scope of the buying program, which initially included only triple-A credit card, auto, or student loans and other consumer facing ABS assets. In an updated term sheet on Thursday, the central bank said it would buy newly issued static ...

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