At A Glance

• Action Packed Day Today, going mostly in our favor so far
• MBS up by 9 ticks with the 6.0 at 100-17
• INFLATION
• Employment Cost Index exactly as expected at .7% Quarter over Quarter change
• GDP missed it's 2.4 consensus coming in at 1.9. 
  
• Numerous other components we'll discuss later, but in general, that's good for bonds
• Jobless Claims demolished an already high estimate of 398k coming in at 448k
• LOCK/FLOAT;
• floating for now.  we'll have to take a serious look at the gains today and see if they are enough to get us to lock.