Fed extends TALF support to CMBS, CLOs

Max Adams

April 09, 2020 03:00 PM

Chair of the Federal Reserve Jerome Powell testifies before the U.S. Senate Committee on Banking, Housing, and Urban Affairs at the United States Capitol in Washington D.C., U.S. on Wednesday, February 12, 2020. Credit: Stefani Reynolds / CNP/Sipa USA | CNP/SIPA USA/PA Images

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.

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Max Adams