Should be another sluggish day as market participants digest $22bn more 10 yr notes and continue to pass along whispers regarding the results of the stress test. MBS coupons should remain range bound as investors will be guarded/hesitant while waiting for the release of prepayment reports late in the afternoon....
Since 5pm "Going Out" Marks....
FN30________________________________
FN 4.0 -------->>>> +0-02 to 100-07 from 100-05
FN 4.5 -------->>>> +0-02 to 101-30 from 101-28
FN 5.0 -------->>>> +0-02 to 102-29 from 102-27
FN 5.5 -------->>>> +0-03 to 103-21 from 103-18
FN 6.0 -------->>>> +0-02 to 104-20 from 104-18
GN30________________________________
GN 4.0 -------->>>> +0-01 to 100-09 from 100-08
GN 4.5 -------->>>> +0-01 to 102-04 from 102-03
GN 5.0 -------->>>> +0-03 to 103-18 from 103-15
GN 5.5 -------->>>> +0-03 to 103-30 from 103-27
GN 6.0 -------->>>> +0-03 to 104-15 from 104-12
UST10YR: 3.1822%
2s/10s: 221.94 bps
DOW FUTURES: -31.00 to 8351
EFFECTIVE FED FUNDS: -0.02 to 0.20 from 0.22
LIBOR FIXINGS
O/N LIBOR: +0.0038 to 0.2425 from 0.2387
1 MONTH: -0.0062 to 0.3950 from 0.4013
3 MONTH: -0.0125 to 0.9737 from 0.9862
6 MONTH: -0.0337 to 1.5063 from 1.5400
1 YEAR: -0.0389 to 1.8200 from 1.8589