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    1. Eric Balchunas‏ @EricBalchunas 21 May 2020

      Going to have some fun and make prediction that the Fed will report about $2.8b in ETF holdings when they publish at 430pm today. This would make them half the flows into the "Fed Five" or the 5 ETFs we said they'll use most, which btw led all corp bond ETFs in flows since 5/12:pic.twitter.com/wPU6xeoc78

      6 replies 8 retweets 34 likes
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    2. Eric Balchunas‏ @EricBalchunas 21 May 2020

      Eric Balchunas Retweeted Eric Balchunas

      While these are large and somewhat obvious ETFs (altho most front running money and attn went only to LQD and HYG), these five ETFs leading flows over past week (and in a pattern-y gov't kinda way) really did line up with our note from last Tuesday.https://twitter.com/EricBalchunas/status/1260233838317522945?s=20 …

      Eric Balchunas added,

      Eric Balchunas @EricBalchunas
      THE FED FIVE: Here are the 5 ETFs the Fed is most likely to use: $LQD, $VCIT, $VCSH, $HYG, $JNK. They check all the boxes in terms of exposure, liq and aum capacity while employing multiple issuers in order to achieve goal of not influencing mkt share in corp bond ETF category. pic.twitter.com/b8YkHIT5Vs
      Show this thread
      1 reply 1 retweet 1 like
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    3. Eric Balchunas‏ @EricBalchunas 21 May 2020

      You can see how each of the ETFs' daily flows (mostly) got unusually consistent, which reeks of routine governmental activity. $LQD & $HYG in particular (after first day, which was sell the news ppl leaving I think) whose flows are erratic due to traders, looks Vanguard-ian now.pic.twitter.com/714mbw8ag0

      3 replies 0 retweets 6 likes
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      Hide Not Slide‏ @HideNotSlide 21 May 2020
      Replying to @EricBalchunas @mbarna6

      Vanguardian - love the termpic.twitter.com/RsAFVaKqZ2

      1:31 PM - 21 May 2020
      0 replies 0 retweets 0 likes

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