MBS BREAKING NEWS: Fed Purchases Start Today

No data on how much they are buying, but Fed says it has started to buy today.  Tightening is blatantly apparent.  Thanks for being patient during price declines late last week.  This is what we are waiting for and this is why MBS are up better than half a point as treasuries go sideways.  This is exactly as expected.  Details on amounts of purchases are said to be available each Thursday.