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Another snoozer folks...

The whole stack is within a tick of unchanged.

4.0's at 100-26

4.5's at 102-05

5.0's at 103-00

Retails Sales, and Import/Export prices in half an hour.

Today also marks the first day we could begin to see effects of the roll leading to progressive spread tightening.  Some was seen from some lenders yesterday.

Stay tuned for a more robust morning post and other afternoon delights later today.