Since 5pm "Going Out" Marks....

FN30____________________________

FN 4.0 -------->>>> +0-08  to 100-01  from 99-25

FN 4.5 -------->>>> +0-05  to 101-27  from 101-22

FN 5.0 -------->>>> +0-02  to 102-31  from 102-29

FN 5.5 -------->>>> +0-00  to 103-22 from 103-22

FN 6.0 -------->>>> -0-02  to 104-16  from 104-18

GN30_________________ __________       

GN 4.0 -------->>>> +0-07  to 100-06  from 99-31

GN 4.5 -------->>>> +0-06 to 102-04 from 101-30

GN 5.0 -------->>>> +0-02  to 103-16  from 103-14

GN 5.5 -------->>>> +0-01  to 102-30 from 103-29

GN 6.0 -------->>>> -0-02  to 104-11 from 104-13

TIGHT TRADING RANGE TODAY....

LONGER TERM IT APPEARS THAT MBS PRICES HAVE SOME ROOM TO MOVE HIGHER BEFORE THIS TREND WEARS ITSELF OUT...SEE GREEN ARROW

IF THE FN 4.0 CAN HOLD LEVELS OVER 99-22 (RED LINE) IT WOULD BE  AN INDICATION THAT THE SLOW MONTH TO MONTH DOWNTREND MAY BE SLOWING ITS PACE WHILE THE MARKET DELIBERATES OVER BORROWER BEHAVIOR AND THE EXPECTED EFFECTIVENESS OF HASP PROGRAMS....

THE DAY AHEAD: BOC RATE DECISION AND TIMMMMAAAAAY GEITHNER SPEAKS