How does this impact someone like AirBnb? Other commentators made note of the fa...

xiaolingxiao on April 9, 2020 | parent | context | favorite | on: Fed to buy junk bonds, lend to states in fresh vir...

How does this impact someone like AirBnb? Other commentators made note of the fact that its loan with 10% interest rate is essentially non-investment grade. If the fed will buy junk bonds, does this prompt lenders to issue more of such instruments, thereby allowing companies like AirBnB or WeWork to float for as long as the Fed buys?

smabie on April 10, 2020 [–]

The fed buying junk bonds is going to decrease the yield, so probably not?