After yesterdays late rally that showed a 22 tick improvement from the lows, our 5.5 mbs has given back about half those gains this morning. Currently we are trading at 98-10 which is still 10 ticks above yesterdays lows and down 1 tick from close.

In about an hour and a half we get the release of the only economic report, the Consumer Sentiment. We will post back a full analysis after the data.