The newswire in question:
TRUMP: INSTRUCTING MY REPRESENTATIVES TO BUY $200 BLN DOLLARS IN MORTGAGE BONDS
The reaction:
We don't know exactly how this will play out yet, but MBS traders are clearly willing to react this afternoon. Based on the fact that there's almost exactly $200bln of balance sheet room for the GSEs, this doesn't seem like a random, spur of the moment comment.
