Federal Reserve Corporate Bond Support by Sector
| Sector | Amortized Cost1 (US $) |
|---|---|
| Consumer Non-Cyclical | $46,473,522.54 |
| Consumer Cyclical | $33,281,266.11 |
| Technology | $22,260,099.65 |
| Utilities | $21,112,256.59 |
| Insurance | $20,372,120.27 |
| Energy | $18,338,735.33 |
| Communications | $17,954,155.34 |
| Capital Goods | $15,717,870.13 |
| Basic Industry | $7,689,205.85 |
| REITs | $7,171,185.65 |
| Transportation | $6,496,014.48 |
| Non-Bank/Insurance Financials | $4,433,407.09 |
Breakdown by ETF Credit Quality (Junk vs. Investment Grade)
| Category | Market Value as of June 18, 2020 (US $) |
|---|---|
| Investment Grade | $5,969,864,107.64 |
| Junk (High Yield) | $835,841,954.86 |
Total Liquidity Exposure
Estimated Total Liquidity: $7,027,005,901.53
Impact on Market Behavior
Fed intervention through direct corporate bond and ETF purchases reassured credit markets during 2020. By stabilizing both high-yield (junk) and investment-grade segments, the Fed compressed credit spreads, restored investor confidence, encouraged corporate refinancing, and helped push equity markets to recover faster. Tracking these holdings reveals the timing and magnitude of intervention, helping investors anticipate future market shifts.