• Here's those tape bombs!
  • Fed's Plosser says rate hike needed, bank after bank with (expletive deleted) earnings.
  • MBS given back most of their gains from yesterday afternoon
  • 6.0's at 99-11, 6.5's at 101-22
  • light data today
  • TIPS auction at 1pm EST
  • Should be an interesting day
  • LOCK / FLOAT : If you have rates now, locking is not a bad call, but technical indicators point to a positive day.
  • VIGILANCE:  High.  We'll have to watch the rest of the morning carefully to see if market momentum can shrug off the headlines.