A High Yield Play In A Battered Oil Market

The Fed met this week, and there were really no surprises. They left interest rates unchanged as expected, and the statement and press conference that accompanied their decision reiterated their intention to do whatever it takes to promote growth in the U.S. economy and to try to nudge inflation upwards towards their 2% target. The stock market paid little attention, preferring instead to concentrate on the potential short-term impact of coronavirus. Bonds, on the other hand, did react, and that reaction suggests a trade in the energy sector. After…