BONDS ARE TRADING OFF OF STOCK MARKET SENTIMENT, WHICH IS WARM AND FUZZY......AS THE DOW HIT AN INTRADAY HIGH OF 8307.51, THE UST10 YR YIELD MOVED UP TO 3.16% AND "RATE SHEET INFLUENTIAL" MBS PRICES FELL QUICKLY....

MBS TRADING VOLUME IS SLOW, ORIGINATORS ARE DUMPING SUPPLY, AND MBS IS BEING OUTPERFORMED BY TSYs (SELLING MORE)......NOT A GOOD COMBINATION!!!!

BE AWARE OF DIPS LIKE THIS...WE ARE AT HIGH REPRICE FOR THE WORSE ALERT LEVELS

AND YES IM YELLING