After this most recent round of congressional quotes and pundit analysis, MBS have ticked up a bit.

Currently 5.5's are 5 ticks up on the day at 100-08.

New just out that the house will be going back to the negotiating table on the bill. Dodd hopes for "serious conversations today" with an improvement in results according to CNBC.

The fact that we've been in a steady "range-bind" to treasuries is further indication that, well, that no one really cares about anything but WAITING for the ink to dry on this bailout. It's the highest probability assumption to assume, barring incendiary news, that we will end the week where we started the week: in MBS purgatory.

Guess we should have just taken a vacation....

More to follow as it becomes pertinent, if it becomes pertinent, IF something happens... Please? Something? Anything?

ZZZZZzzzz..... ZZZZZzzzzz.....

Gotta break the monotony with something... How about a picture regarding our lock/float stance until more developments occur?