MBS is benefiting from a general flight to quality as a generally foul feelings on trading floors has stocks around the world bleeding out optimism after several headline news (Geithner chatter, automaker BKs, and Spanish bank rescues) events combined with quarter end window dressing has sparked equity market sell offs...everywhere.
FN30______________________________
FN 4.0 -------->>>> +0-12 to 100-21 from 100-09
FN 4.5 -------->>>> +0-08 to 102-05 from 101-29
FN 5.0 -------->>>> +0-07 to 103-05 from 102-30
FN 5.5 -------->>>> +0-04 to 103-23 from 103-19
FN 6.0 -------->>>> +0-03 to 104-12 from 104-09
GN30__________________________________
GN 4.0 -------->>>> +0-12 to 100-24 from 100-12
GN 4.5 -------->>>> +0-11 to 102-10 from 101-31
GN 5.0 -------->>>> +0-10 to 103-22 from 103-12
GN 5.5 -------->>>> +0-05 to 104-01 from 103-28
GN 6.0 -------->>>> +0-05 to 104-15 from 104-10
Concerns of the day are fixed income profit takers...TSYs and MBS alike
Gotta get some morning routine type chores done then will provide a deeper look into morning money flows in MBS MORNING
Congrats to Bobby Downey and his Mrs. on the birth of their first child!