Excerpt from Barron’s quoting DataTrek Research:
…. “That raises a couple of important questions. First, why ETFs? And second, which ETFs qualify?
DataTrek has taken a stab at answering the first question: The ETF purchases could be a way for the Fed to support the banking sector. Nearly 26% of the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is bank debt, according to a Tuesday DataTrek note”….
Read the full article here in Barron’s!