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MBS continue to put on show after astounding show when it comes to strength versus tsy's and strength in general... Adjusting for the effects of borrowers' right to prepay and weighting 4.0's and 4.5's to MBS production, the resulting blended, weighted yield, aka current coupon continues its trend of being "really really low," (to use the technical term!) currently at 4.23932. Some simple math shows that MBS yields remain exceedingly close to tsy yields, with the cc/10 yr spread remaining under 80bps (0.80%) at 79.03 bps... With that tightness in mind and considering the recent bullishness in MBS, is next week finally time for the bullishness to take a breather? Despite some intraday bullishness, tsy's are currently trading very close to yesterday's "going...