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So there's a part of the world's financial system that's sometimes known as it's plumbing.

And the FT's markets editor, Katie Martin, says that it's not really quite as thrilling as something like say the stock market.

You know 99% of the time this sort of plumbing is just it's just super boring.

It's the stuff that central banks do in the background of markets, the stuff that makes money flow around the global system.

Like no person in their right mind who does not do this sort of stuff for a living should be paying

the blindest bit of attention to it.

For a long time, Central Banks, including the Federal Reserve, have been doing this thing

in the plumbing called quantitative easing, or QE for short.

QE is this process where central banks buy a predominantly government bonds in an effort to push down yields. The idea is that this will push the private sector into investing in other areas and eventually stimulate the global economy.

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