This Might Be Important:

Good catch via the FT's Colby Smith:

🇺🇸Fed B/S Update: Wow slowest weekly activity since early March (B/S up only $82bn vs avg. $200-300bn a week for most of April)! UST SOMA buying slowed to half-speed and FX swap lines up again to $439bn. PPP facility the only new liquidity program really being tapped (now $20bn). pic.twitter.com/EMrDmHnfSn

— George Goncalves (@bondstrategist) April 30, 2020

Related, April 24:
"Fed Cut Back on Helicopter Money for Wall Street & the Wealthy"