FED REPORTS ON THEIR CORPORATE BOND BUYING
The 'tourist does a deep dive on the Fed's release
On Friday, the Federal Reserve revealed details of their first week of corporate bond ETF bond buying.
The Fed was shockingly transparent about it all. They even included the commission rate they paid (70 mils for a VWAP order and $0.02 a share for block trading).
Now, I made some assumptions regarding which were VWAP (volume weighted average price) orde…