Tuesday 10/7 ... Breaking news...

By: Matthew Graham • Tue, Oct 7 2008, 9:02 AM

The Fed just announced that they will start buying commercial paper. When the news broke the 5.5' were trading at 100.25 but fell and is not trading at 100.18. Also, during the announcement, the Dow futures went from -70 to now up 97. Stayed tuned for more analysis.