Thought i would give everyone a quick update.  Our favorite mbs coupon, the 4.5, has moderately improved today.  Since close yesterday, we are up 7 ticks.  Some lenders repriced for the better today.  Still a very low volume day.

Tomorrow the bond market closes early at 2pm est.  We are also getting several economic reports but i do not suspect that they will have a big impact on trading as most traders have already signed out for the week.

Get back to you tomorrow.