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The Federal Reserve's decision to possibly buy exchange-traded funds of high-yield bonds could give a much needed boost to companies with high debt levels, according to a new note from Jefferies.
"The Fed continues to fire their bazooka and this time it landed in a place that certainly needed help," the note said. "The high-yield market has been hammered along with those stocks that have higher leverage ratios but this all changed on Thursday."
Source: cnbc.com