MBS coupons are battling a steeper yield curve yet again this morning...

5 yr Treasury Yield: 2.0488

10yr Treasury Yield: 3.1647%

2s/10s: 223bps

Stock Futures

Dow: +31.00

S&P: +3.80

NASDAQ: +4.50

Since 5pm "Going Out" Marks...

FN30________________________________

FN 4.0 -------->>>> -0-08  to  99-24   from 100-00

FN 4.5 -------->>>> -0-07  to 101-17  from 101-24

FN 5.0 -------->>>> -0-05  to 102-21  from 102-26

FN 5.5 -------->>>> -0-04  to 103-13  from 103-17

FN 6.0 -------->>>> -0-03   to 104-14  from 104-17

GN30________________________________ 

GN 4.0 -------->>>> -0-07  to 99-29    from 100-04

GN 4.5 -------->>>> -0-06  to 101-26  from 102-00

GN 5.0 -------->>>> -0-06  to 103-08  from 103-14

GN 5.5 -------->>>> -0-05  to 103-21  from 103-26

GN 6.0 -------->>>> -0-03  to 104-07  from 104-10

EFFECTIVE FED FUNDS:  +0.02  to  0.20  from 0.18

LIBOR FIXINGS

OVERNIGHT:  +0.0050  to  0.2362    from 0.2313

1 MONTH:     +0.0031   to  0.4114   from 0.4112

3 MONTH:     -0.0094    to  1.0069   from 1.0163

6 MONTH:     -0.0156   to  1.5494   from 1.5650

1 YEAR:       -0.0125    to  1.8644   from 1.8769

Economic news coming out today...

955AM University of Michigan Consumer Sentiment (Apr) at 9:55

10AM Factory Orders (Mar)

10 AM ISM Index (Apr)

Auto sales reports for April will be reported this afternoon