The Federal Reserve’s first-ever foray into the corporate bond market will come to a final close in coming months, with the central bank announcing Wednesday that it will sell off its exchange-traded fund investments and direct bond holdings.The sales, which a Fed official said the central bank expects to complete by the end of the year, will finish off a program that was the first of its kind. The Fed announced in March 2020 that it would begin buying corporate debt using its emergency lending powers. The maneuver was an effort to unfreeze the flailing bond market as panic, …
