• FN 4.5 back up to 100-01 after falling as low as 99-24
  • 10yr Tsy back down to 3.88+ after being as high as 3.92
  • charts making it look like support was found and we're correcting
  • With only 30 minutes left until marks are marked, that could hold true

It's been one heck of a roller coaster watching the various levels of 10yr yields on a tick by tick view.  Things looked quite bad for a time when they broke their own post auction highs, but at this point, both MBS and Treasuries look to be correcting and finding a range just on the positive side of a can of gas and visions of insurance fraud at mortgage offices around the country.

Still "spectating" more than "predicting" at this point, but at least now, the rest of the game looks watchable.  We'll let you know if that changes.