MBS RECAP: Rough Day For Bond Markets, Even Before It Beganhttp://www.mortgagenewsdaily.com/mortgage_rates/blog/295880.aspxQuick update on the post-auction trading... After the initial knee-jerk to the lows of the day, MBS bounced back to pre-auction levels and did a fair job of holding those for about half an hour. Both Treasuries and MBS broke support at 1:40 and tickedenCommunityServer 2008 SP2 (Build: 31106.96)