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1 1 (June 22, 2020)

handle is hein.crs/govdizx0001 and id is 1 raw text is: Researh Sevice Capital Markets, COVID-19, and Federal Government Emergency Facilities June 22, 2020 The spread of COVID-19 induced heavy capital markets selloffs and rebounds in 2020. The crisis- induced stress conditions have been broadly felt in all corners of capital markets-stocks, bonds, investment funds, and other segments have all experienced heightened volatility. In response, the Federal Reserve (Fed), sometimes with support from the Treasury Department, has established several emergency facilities to provide support for key capital markets segments (Table 1). As of the publication of this Ins ight, some markets affected by the announced emergency support appear to have rebounded to a certain extent. Figure 1 illustrates market conditions at the time of selected Fed announcements. The changes in market activities do not suggest direct causal relationships with Fed announcements. Changes in the course of the pandemic, other economic factors, and other government responses, such as the Coronavirus Aid, Relief, and Economic SecurityAct (P.L. 116-136), likely also had significant effects. Capital markets conditions are discussed in more detail in CRS Report R46424, Capital Markets Volatility and COVID-19: Background and Policy Responses, by Eva Su. Congressional Research Service https://crsreports.congress.gov INI 1429 CRS MNS GHT Pre.pared -.c-Me mbersand o.. r.. i oM Con ---r--f..

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