After reaching early session price highs (and grinding yet tighter to TSYs) the MBS stack was unable to hold its gains and has since moved back to flat on the day (also the low of the day). A reprice for the worse is possible...

Since 5pm "Going Out" Marks...

FN30________________________________

FN 4.0 -------->>>> +0-00  to  100-17  from 100-17

FN 4.5 -------->>>> +0-00  to 102-04  from 102-04

FN 5.0 -------->>>> -0-01   to 103-05   from 103-06

FN 5.5 -------->>>> -0-01   to 103-26   from 103-27

FN 6.0 -------->>>> +0-02  to 104-23  from 104-21

GN30_________________________________ 

GN 4.0 -------->>>> +0-00  to 100-19  from 100-19

GN 4.5 -------->>>> +0-02  to 102-14  from 102-12

GN 5.0 -------->>>> +0-00  to 103-25  from 103-25

GN 5.5 -------->>>> -0-01   to 104-02   from 104-03

GN 6.0 -------->>>> +0-01  to 104-15  from 104-14