MBS MOVING DOWN IN COUPON AT THE OPEN...

TRSYs gained overnight as global stock markets fell and investors ran to the safety and liquidity of the US TREASURY market

MBS Spreads are wider to TSYs and to swaps....

815am marks....

FN30__________________________________

FN 4.5 -------->>>> +0-09 to 101-00 from 100-23

FN 5.0 -------->>>> +0-07 to 102-02 from 101-27

FN 5.5 -------->>>> +0-06 to 102-19 from 102-13

FN 6.0 -------->>>> +0-04 to 103-05 from 103-01

US Stock Futures are pointing towards a down open....