Good Morning Everyone.

One of my least favorite days of the year is when the hockey season ends. That day was yesterday.

Three cheers for the Chicago Blackhawks who were presented with Lord Stanley's Cup last night after beating the Philadelphia Flyers in overtime of game 6 of the NHL finals. This was the first world championship since 1961 for the Blackhawks, who are one of the original six. CBOT traders will have the opportunity tomorrow to make their way up Wacker St. to watch the celebratory parade set forth down Michigan Avenue where a hoard of Hawks fans will greet the team like triumphant soldiers returning from war.

Anyone think CME trading volume suffers because of this distraction? If I was in Chi-town, tomorrow would be a sick day....

I know there are many Hawks fans who read my color, but only one has been razzing me since I first shared my love with the world for hockey and the Washington Capitals. Brett Boyke I owe you a beer...the Hossa curse has been lifted.

Onto the markets...

I have bad news though. I am having technical difficulties with my trading platform today, that means you'll have to wait for pictures of price action and settle for commentary until I get my system rebooted. In the mean time I will make due with what I got....my CME logins!

Stocks are up and bonds are down and rate sheet rebate will be reigned in today.

S&Ps are currently +23.25 at 1078.75...off the highs of the day.

10yr TSY futures are down 0-16 at 120-11 and the 3.50% coupon bearing 10yr TSY note is -0-18 at 102-11 yielding 3.25%.

MBS prices are backing away from all time highs as stocks rally.  The FN 4.0 is -0-11 at 99-31. The FN 4.5 is -0-07 at 102-26. The GN 4.0 is -0-11 at 100-13. The GN 4.5 is -0-05 at 103-16.

UPDATED AT 11AM...

NOW WE'RE COOKIN WITH GAS! My screens are flashing again! Phew. For a minute there I felt like a lost little boy in a department store (you remember that feeling right?)

Here is a FN 4.5 chart...

Regardless the moves seen this AM...markets are still range bound