/MBS: NY Fed said this on Agency MBS........>

US TSYS: /MBS: NY Fed said this on Agency MBS Taper which will start today, as

Fed announces its "October planned purchases" going forward in MBS. We are

checking what time this announcement comes out. 

- "For agency (MBS) securities, the Desk will reinvest in agency MBS the

principal payments from the Federal Reserve's holdings of agency debt and agency

MBS received during each calendar month that exceed the cap amount for that

month. Consistent with current practice, the Desk's reinvestment purchases will

continue to be concentrated in newly-issued agency MBS in the To-Be-Announced

(TBA) market."

- It added, "the planned amount of reinvestments in agency MBS that is

anticipated to take place over each monthly period will be announced on or

around the ninth business day of the month and will generally be conducted over

the subsequent one-month period until the next announcement. The initial cap

will first be applied to the October planned purchases, which will be announced

on Oct. 13, the ninth business day of the month."