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The headline may be the most exciting thing about today and does much to counter the suggestion that the journey is more important than the destination. Indeed, today's destination is much more of a conversation piece than the journey. In the interest of delaying what may or may not be perceived as "rain" on your respective parades, we'll go a bit out of order and start with the medium term picture of MBS showing a higher close than early October. Like we said, one has to go back to May 6th to find a higher close in 4.5 MBS, although you be the judge as to whether or not rates on May 6th are the same rates you're seeing today... No seriously, I'm not going to pull up the old rate sheets, so please tell us! Regardless of the "personal best" for the 2nd half...