MBS AFTERNOON: Gains Made But 100-00 Resistance Holding

We are near the highs of the day and have begun to notice spotty reprices for the better. The previously postulated 100-00 intraday overhead resistance price level is proving accurate. The FN 4.0 shot up to 100-00 but has failed to break through topside resistance. Volume in the MBS market, much like others, has been muted all day. FN 15 yr MBS (dwarfs) are however seeing above average flows. If we move higher and hold gains more lenders should improve rate sheets.

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

FN30________________________________

FN 4.0 -------->>>> +0-07 to 100-00 from 99-25

FN 4.5 -------->>>> +0-06 to 101-24 from 101-18

FN 5.0 -------->>>> +0-04 to 102-24 from 102-20

FN 5.5 -------->>>> +0-03 to 103-17 from 103-14

FN 6.0 -------->>>> +0-03 to 104-18 from 104-15

GN30________________________________

GN 4.0 -------->>>> +0-07 to 100-02 from 99-27

GN 4.5 -------->>>> +0-05 to 101-31 from 101-26

GN 5.0 -------->>>> +0-03 to 103-11 from 103-08

GN 5.5 -------->>>> +0-02 to 103-25 from 103-23