Tuesday 9/16 Breaking News From NY Fed

By: Matthew Graham • Tue, Sep 16 2008, 8:13 AM

NY Fed to do large liquidity injection. Amount not yet known. They stand ready to inject additional capital as needed.

5.5's at 101-12 (unchanged on the day)...

Those of you with access to overnight price protection who are fearing a stock rally today, or other MBS-unfriendly data, take a look at your gains now and proceed with caution.