Morning Marks are a bit of a moving target this AM as the variability in pricing has been brisk.  Nonetheless, we are within a 4 tick range and will update you if prices move much from what is posted below:

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

FN30__________________________________

FN 4.0 -------->>>> -0-01   to 99-28    from 99-29

FN 4.5 -------->>>> -0-02   to 101-23  from 101-25

FN 5.0 -------->>>> -0-02   to 102-27  from 102-29

FN 5.5 -------->>>> +0-00  to 103-21  from 103-21

FN 6.0 -------->>>> -0-01   to 104-14  from 104-15

GN30_______________________________     _ 

GN 4.0 -------->>>> +0-01  to 100-05  from 100-04

GN 4.5 -------->>>> -0-01   to 102-02  from 102-03

GN 5.0 -------->>>> +0-01  to 103-16  from 103-15

GN 5.5 -------->>>> -0-04  to 103-25   from 103-29

GN 6.0 -------->>>> -0-01  to 104-08   from 104-09

EFFECTIVE FED FUNDS: +0.01 to 0.15 from 0.14

LIBOR FIXINGS

O/N LIBOR:  -0.0063 to 0.2062 from 0.2125

1 MONTH:  -0.0012 to 0.4400 from 0.4412

3 MONTH:  -0.0006 to 1.0994 from 1.1000

6 MONTH:   +0.0069 to 1.6575 from 1.6506

1 YEAR:   +0.0181 to 1.9675 from 1.9494

Make sure to catch the MBA application results in the previous post.

Here is how the first half hour looks today with half of yesterday setting the scene:

With MBA results out the way, data flow is extremely limited for the rest of the day.  AQ will be out shortly with our MBS MORNING post going into greater detail on the day ahead.