The bond market is massive. A large majority of bonds were purchased before March 12th. As for the QE/QT performed by the Fed. The Fed's balance sheet has alre

The bond market is massive. A large majority of bonds were purchased before March 12th. As for the QE/QT performed by the Fed. The Fed's balance sheet has already increased by 300 billion, which undoes like half a year of QT. JPMC estimates a total of 2T in liquidity. Not only will that undo all QT, it will bring the Fed balance sheet to new all time highs.