It's Tuesday, June 16, just after market close here in New York. This is the Real Vision Daily Briefing.

I'm Ash Bennington joining from New York. We're going to be joined shortly by Ed Harrison

near Washington DC, but first Peter Cooper with the latest on the Fed.

Thanks, Ash. When the Fed had announced the rollout of their new corporate bond buying program on Monday afternoon,

equity surged in response.

And they continued to trade higher today.

U.S. stocks roared in the open, with all three major indices showing extreme strength with the

industrial heavy dial outpacing the NASDAQ. The bullishness wasn't limited to

America. We saw European stocks soar as well and also in Asia with the Nick K 225 exploded up 4.8%.

The Fed had announced an expansion to their bond buying program by beginning to buy quote

a broad and diversified portfolio of corporate bonds to support market liquidity

and the availability of credit for large employers.

This portfolio will be, quote, based on a broad diversified market index of US corporate bonds and

quote these bonds will need to meet the secondary market corporate credit

facilities criteria for eligibility but what makes this a marketed shift from

Fed's initial plans is that originally corporate

companies needed to self-certify that they were eligible. This change in the

Fed's plans relieve some of the pressure on companies who feared publicly

signaling their distress and their need for the Fed's intervention.

The Fed said in its statement, quote, this index is made up of all the bonds in the secondary market

that have been issued by US companies that satisfy the facility's minimum rating, maximum maturity, and other criteria.

Bonds rallied hard on the announcement last night, but going into today they plateaued slightly.

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