Corporate Bond & Junk Bond Markets Driven into Foaming-at-the-Mouth Exuberance by Fed Jawboning about Huge Purchases. But it Actually Bought Just Tiny Amounts | Wolf Street

o given all the hoopla surrounding the Fed’s jawboning about massive huge breath-taking purchases of corporate bonds and bond ETFs, this is pocket change — $12 billion in total. But the hoopla was enough to drive the bond market, including the junk-bond market, into foaming-at-the-mouth exuberance that continues to this day.

Corporate Bond & Junk Bond Markets Driven into Foaming-at-the-Mouth Exuberance by Fed Jawboning about Huge Purchases. But it Actually Bought Just Tiny Amounts | Wolf Street