MBS coupon bids have fallen a few ticks as TSY yields have risen (and spreads tightened). Cheaper MBS prices have not lasted long recently...following sell offs MBS investors have been quick to raise the bid price on dollar price cheapening.

An aggressively priced lender may however find reason to reprice. Morning commentary in the works....

FN30_______________________________

FN 4.0 -------->>>> -0-05 to 100-13 from 100-18

FN 4.5 -------->>>> -0-04 to 102-01  from 102-05

FN 5.0 -------->>>> -0-04 to 103-02 from 103-06

FN 5.5 -------->>>> -0-02 to 103-23 from 103-25

FN 6.0 -------->>>> -0-01 to 104-13 from 104-14

GN30_________________________________

GN 4.0 -------->>>> -0-02 to 100-19  from 100-21

GN 4.5 -------->>>> -0-01 to 102-06 from 102-07

GN 5.0 -------->>>> -0-02 to 103-20 from 103-22

GN 5.5 -------->>>> -0-01 to 104-01 from 104-02

GN 6.0 -------->>>> +0-00 to 104-15 from 104-15