News for hackers. Stuff that matters.

A comment on The Fed now owns Walmart debt. Parent comment

Re:The Fed now owns Walmart debt by ltbarcly3 on Monday July 06, 2020 @04:20PM (#23752279)
The page you linked to only accounts for a few hundred million dollars of direct purchases of individual bonds. It also lists several Billions of bond ETF purchases.

The largest bond etf holding is LQD, at $1.7B. 0.74% of LQD is Walmart corporate debt. 0.0074 * 1.7B is $12M. So just in one ETF I find the fed holding more Walmart debt than your "exactly" total number of walmart debt held.

Maybe you don't quite understand this data well enough to be 'correcting' people here? It's likely that your quoted total is an order of magnitude too low, but I don't have time to go through every line item. (Position-Summary ETF tab in the xls file).

https://www.ishares.com/us/products/239566/ishares-iboxx-inv...

[ Parent | on HN ]
Re:The Fed now owns Walmart debt by credit_guy on Monday July 06, 2020 @05:00PM (#23752701)
> but I don't have time to go through every line item. (Position-Summary ETF tab in the xls file).

Ok, I just did that. I got $35 MM in indirect holdings via bond ETFs. Thanks for pointing this up.

[ Parent | on HN ]