MBS bids have stabilized...and even improved a bit.

3:20 Marks....

FN30__________________________________                                  

FN 4.5 -------->>>> +0-08 to 101-05 from 100-29                                       

FN 5.0 -------->>>> +0-06 to 102-01 from 101-27                                   

FN 5.5 -------->>>> +0-07 to 102-17 from 102-10    

FN 6.0 -------->>>> +0-07 to 103-08 from 103-01                                        

GN30__________________________________

GN 4.5 -------->>>> +0-09 to 101-21 from 101-12

GN 5.0 -------->>>> +0-07 to 102-19 from 102-12

GN 5.5 -------->>>> +0-05 to 102-29 from 102-24

GN 6.0 -------->>>> +0-04 to  103-13 from 103-09

The Dow continues to climb....Bonds leveling out after brief panic...spreads still wider on 4.5s and 5.0s. Tighter 5.5s and up...

1 day intraday Chart of Dow, 5yr UST, 10 yr UST, 30 UST