NOT!!!

The stack is STILL trading in a tight range while the TSY curve continues to patiently await direction from speculative stock traders. I know today has been somewhat BORING  but it is what it is....we continue to follow the general direction of TSY yields. MBS trading volume is below normal. MBS/TSY spreads still wider. (Remember wider into rallies and tighter into TSY selling)

1530 marks...

FN30­­­­­­­_________________________________

FN 4.5 -------->>>> +0-00 to 100-27  from 100-27

FN 5.0 -------->>>> +0-01 to 101-31 from 101-30

FN 5.5 -------->>>> -0-01 to 102-15 from 102-16

FN 6.0 -------->>>> +0-01 to 103-03 from 103-02

RE: H.R.1 American Recovery....Where do you think the majority of H.R.1 government funds are headed?