为了支持货币市场基金，商业票据和有资产担保的证券需要满足某些严苛条件，例如其他人不得参与。
Recreating its backstops for money-market funds, commercial paper and asset-backed securities might require such stringent conditions that no one would participate.
这是美联储第一次直接参与商业票据市场。
This is the first time the Fed has participated directly in the commercial paper markets.
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