iBoxx $ Investment Grade Corporate Bond Fund (LQD)

[str8_chuter]

And this was all pure jawboning.

The Fed is, of course, prevented by law from purchasing equities and corporate bonds directly. They get around this restriction by 'loaning' funds to Special Purpose Vehicles (cough...cough...Blackrock) who do the buying on behalf of the Fed.

To date, the Fed (through its loans to SPVs) has not purchased a single share of ANY ETF. No investment grade bond ETF's nor any junk bond ETF's.

Loans on the Fed balance sheet (for the week ending April 15) totaled $120 B which was down slightly from the prior week. The largest portion of these loans, $52 B, is for the Money Market Mutual Fund Liquidity Facility. Second largest component is Primary Credit, at $41 B. The balance for Secondary Credit (which includes corporate bonds, corporate bond ETF's and junk bond ETF's) shows a balance of zero.