MBS OPEN: Breaking News: (the good kind)

Current MBS Price and Day Over Day Change:

FN 5.5 30YR MBS = 101-02  .... +0-19 (19 ticks)

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Government just announced $500 billion direct injection into MBS market through asset managers.

It's a good thing.  It's TARPtastic, yet not the tarp.

Stay tuned for a full story, but rest assured, this will be a good morning for MBS.