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While today continues to be plagued by the "little to report" phenomenon, we can't really complain about the price action. In a relative carbon copy of yesterday's pattern, we made gains in the morning and have been holding calmly sideways into the afternoon, with an ever-so-slight positive bias.

Fannie 3.0s are into their best levels since November 9th, currently up 2 ticks at 105-10 and have traded within 2 ticks of that mark all afternoon. 10yr yields have been similarly coasting between 1.600 and 1.614 over the same time. We've seen a few positive reprices come across thankd to the stability.

With essentially nothing on the calendar today, things have been understandably slow. But that changes first thing tomorrow morning, at least in terms of economic data as the flow of news and events will be relatively brisk through Friday morning's NFP.

More from MND:

• MBS Commentary: MBS RECAP: Technically an Early Close, but Buyers Never Showed Up
• Mortgage Rate Watch: Mortgage Rates Hold Steady Ahead of 3-Day Weekend
• MBS Commentary: MBS MID-DAY: Negative Reprices in the AM: Breakfast of Champions
• MND NewsWire: Delinquency Rate Hits Post Housing Crisis Low for Freddie Mac
• Pipeline Press: Government Furlough Days; H.R. 1077's Impact on QM And 3% Limit; MBA on GSE risk sharing

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