10 yr Note Auction went off with slightly better than expected results.  A 2.5+ bid to cover, sub 3.0 high yield and 24% Indirrect Bid.

MBS likey, but keep in mind doors close today in 2 hours and don't open again till Monday, so volume will keep decreasing until the early close.  Data's at a minimum.  Volatility potentially high.  And lenders unlikely to stick their necks out much over an extended weekend.  All that said, you might get some love from the odd lender if this strength continues.  We'll let you know if it does.