The Fed announced a new temporary lending program that will allow participants in the bond markets to swap the mortgage-backed securities that they can't currently sell for highly liquid Treasurys that they can. Some guys will be really busy today... Mass-swaps and squeezing liquidity out of US treasuries market... Finally we can rob the State legally. All liquidty will be gone in a few days in treasuries market. Bernanke-disease: Infecting everybody and everything!