Remember - Jan , Feb and Mar 2000?
Get ready........she's about to blow!
GAME OVER!

Get ready........she's about to blow!
GAME OVER!
Quote from Lojanica:
It's not irrelevant. It is FED tango. That is to say it is a measured move to signal their intent to cool the market without event disruption by raising the interest rate least important to the markets.
MBS support was cooled not pulled. Now incremental interest rate elevation.