- Rates cut 25bps as expected
 - QT ended (MBS proceeds reinvested into TSYs as expected)
 - Statement verbiage was a slight upgrade for the economy
 
10yr yields initially moved a few bps higher, but have returned to pre-Fed levels, up 3.5bps on the day at 4.012
MBS are down 6 ticks (.19), in line with the lows of the day.

