While not all the data was stronger this morning, the only stand-out market mover certainly was.  Jobless Claims fell to 311k from 320k previously, beating a 325k forecast.  Instead of paying much attention to the data, bond markets continued marching calmly into positive territory after opening at just slightly weaker levels.  Weaker Pending Home Sales raised no objection at 10am and bonds were soon putting in a repeat performance of yesterday with a consolidation around the best levels of the day heading into the Treasury auction.

The repetitive movement continued as a stronger auction gave way to more afternoon strength.  It wasn't quite on the same scale as yesterday's 5yr Auction, but enough to help MBS hold their gains and for Treasuries to improve slightly on theirs (10yr and 30yr yields anyway).  The second round of strength finally brought a moderate amount of reprices in the afternoon, leaving rates at the best levels of the week, but not yet back to last week's best.

MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
FNMA 3.0
96-25 : +0-04
FNMA 3.5
100-28 : +0-03
FNMA 4.0
104-06 : +0-01
2 YR
0.4457 : +-0.0003
10 YR
2.6756 : -0.0274
30 YR
3.5162 : -0.0348
Pricing as of 3/27/14 4:05PMEST

Today's Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
2:27PM  :  MBS at Best Levels; Positive Reprice Potential
12:59PM  :  7yr Auction Preview
11:51AM  :  Edging Into Positive Reprice Territory for Some Lenders
8:50AM  :  Bond Markets Holding Ground After Claims and GDP

MBS Live Chat Highlights
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Christopher Max  :  "Someone just told me that LP does not care about disputed items. Is that true at all? "
Clayton Sandy  :  "LP used to not care. They've cared recently"
Michael Gillani  :  "MBS are still well behind treasuries, right?"
Michael Gillani  :  "Treasuries seem to be rallying rather stong."
Bob Van Gilder  :  "really lagging !"
Jason Anker  :  "rates were better last time we saw 2.6 i thnk"
Sung Kim  :  "i am seeing conventional rates worse or the same as post FOMC bloodshed, so weird"
Andy Pada, Jr.  :  "how difficult or easy is the UST?"
Eric Schuchaskie  :  "I thought EZ Andy but if you have not taken a lot of state test a review is a must"
Andrew Miller  :  "UST is extremely easy. All common sense. Finished the test in 6 mins and missed one question. "