Traders Move to Sidelines Ahead of Fed Announcement

September’s big Fed announcement doesn’t hit until next Wednesday, but it’s not too early for markets to freak out about it a little bit.  The fear is expressed in the form of a move to the sidelines for both stocks and bonds.  In other words, both sides of the market sold off today.  Treasuries fared a bit better, and MBS fared better still (2.0 coupons only dropped an eighth of a point by…