Best levels of the day, best levels of the week...  But write the same sentence and substitute "worst" for "best," print the resulting sentence on a piece of paper, wrap around a dart and throw randomly at this week's calendar and you're already working with better-than-vegas odds of predicting reality...  Oh too cynical?  Not hardly!  I'm just another victim of the resignation that can only come from the repeated "slap-chop" of low-volume summer flows and their ridiculous manifestations on the chart.  But ridiculous doesn't necessarily mean "without pattern."

What do you see?  We'll talk about it in the close... 

MBS, Tsy, and LIBOR Quotes