JPMorgan, Citi Left Out as Fed Began Historic Debt ETF Rescue
U.S. one-hundred dollar banknotes are arranged for a photograph. (Photographer: Paul Yeung/Bloomberg)

JPMorgan, Citi Left Out as Fed Began Historic Debt ETF Rescue

(Bloomberg) -- The two largest U.S. bond-trading firms were caught off guard as the Federal Reserve began its most unusual action yet to prop up global markets.
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