Overseas stock indices moved higher overnight and US Treasury prices lower (yields up). The benchmark 10 yr note is currently trading near 3.25% and the steepness of the yield curve, as measured by 2s vs. 10s , is at a two week high 233bps. US stock futures indicate another open to the upside...TSY and MBS remain defensive. MBS range support holding thanks to Fed provided liquidity...
Housing Starts and Permits at 830AM. Expecting about 520,000 .
Since 5pm "Going Out" Marks....
FN30________________________________
FN 4.0 -------->>>> -0-01 to 99-27 from 99-28
FN 4.5 -------->>>> -0-01 to 101-21 from 101-22
FN 5.0 -------->>>> -0-02 to 102-22 from 102-24
FN 5.5 -------->>>> -0-01 to 103-17 from 103-18
FN 6.0 -------->>>> -0-01 to 104-22 from 104-23
GN30________________________________
GN 4.0 -------->>>> +0-01 to 99-25 from 99-24
GN 4.5 -------->>>> -0-01 to 101-25 from 101-24
GN 5.0 -------->>>> -0-00 to 103-16 from 103-16
GN 5.5 -------->>>> -0-01 to 104-02 from 104-03
GN 6.0 -------->>>> +0-01 to 104-21 from 104-20
UST10YR: -0-06 yielding 3.25%
2s/10s: 233.52 bps
EFFECTIVE FED FUNDS: -0.01 to 0.16 from 0.17
LIBOR FIXINGS
O/N LIBOR: +0.0000 to 0.2188 from 0.2188
1 MONTH: +0.0000 to 0.3094 from 0.3162
3 MONTH: -0.0325 to 0.7525 from 0.7850
6 MONTH: -0.0325 to 1.2800 from 1.3125
1 YEAR: -0.0288 to 1.5825 from 1.6113