Quick price update while I write morning commentary...
MBS is moving higher while the yield curve flattens. The 5yr Treasury price is up 2/32 and the 10 yr Treasury price is up 10 ticks. Stocks opened to the upside after better than expected housing starts but have since turned negative.
APRIL FN30_______________________________
FN 4.0 -------->>>> +0-03 to 99-03 from 99-00
FN 4.5 -------->>>> +0-02 to 101-03 from 101-01
FN 5.0 -------->>>> +0-03 to 102-12 from 102-09
FN 5.5 -------->>>> +0-03 to 103-02 from 102-31
FN 6.0 -------->>>> +0-03 to 103-21 from 103-18
APRIL GN30_____________________________
GN 4.0 -------->>>> +0-04 to 99-05 from 99-01
GN 4.5 -------->>>> +0-04 to 101-10 from 101-06
GN 5.0 -------->>>> +0-02 to 102-23 from 102-21
GN 5.5 -------->>>> +0-03 to 103-12 from 103-09
GN 6.0 -------->>>> +0-01 to 103-24 from 103-23