Apple, AT&T, Jack Daniel’s – Fed issues details on bond buys

WASHINGTON: The Federal Reserve (Fed) on Sunday released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of credit.

The central bank also said it has, so far, purchased nearly US$429mil in corporate bonds from 86 of those companies, including AT&T, Walgreen’s, Microsoft, Pfizer and Marathon Petroleum.