by Wolf Richter
Here are the details on its purchases and holdings in July.
The Fed disclosed yesterday afternoon the amounts and names of the corporate bonds and corporate bond-ETFs that it bought in July. The Fed started buying corporate bonds for the first time ever in June, after having started buying bond-ETFs in May. The amounts are small – measured in millions and single-digit billions – and disappear as rounding errors on the Fed’s overall balance sheet measured in hundreds of billions and trillions.