So yeah I had your morning post juuust about done and guess what....I lost power and the blog software's auto save feature did NOT kick in...

Here is a quick update while I re-write the morning post....

MBS are riding the coat tails of flight to quality this morning. The yield curve is flattening and TSYs are outperforming MBS. Spreads wider...

FN30_______________________________________

FN 4.5 -------->>>> +0-04 to 100-09  from 100-05

FN 5.0 -------->>>> +0-03 to 101-25 from 101-22

FN 5.5 -------->>>> +0-04 to 102-17 from 102-13

FN 6.0 -------->>>> +0-05 to 103-14 from 103-09

One more mutter...