We are still reeling. Yesterday, we reported that central banks are major buyers of stocks. Their policy of suppressing yields on bonds has pushed them to stretch for higher returns in the stock market. A recent report by a central bank research and advisory group called the Official Monetary and Financial Institutions Forum (OMFIF) calculates that central banks around the world have lost out on $200-250 billion in interest income on their bond portfolios. In other words, central banks are victims of their own depressed interest rates. Feeling the pinch, they move more and more of their portfolios into equities.