Should be another sluggish day as market participants digest $22bn more 10 yr notes and continue to pass along whispers regarding the results of the stress test. MBS coupons should remain range bound as investors will be guarded/hesitant while waiting for the release of prepayment reports late in the afternoon....

Since 5pm "Going Out" Marks....

FN30________________________________

FN 4.0 -------->>>> +0-02  to 100-07  from 100-05

FN 4.5 -------->>>> +0-02  to 101-30  from 101-28

FN 5.0 -------->>>> +0-02  to 102-29  from 102-27

FN 5.5 -------->>>> +0-03  to 103-21  from 103-18

FN 6.0 -------->>>> +0-02   to 104-20  from 104-18

GN30________________________________ 

GN 4.0 -------->>>> +0-01  to 100-09  from 100-08

GN 4.5 -------->>>> +0-01  to 102-04  from 102-03

GN 5.0 -------->>>> +0-03  to 103-18  from 103-15

GN 5.5 -------->>>> +0-03  to 103-30  from 103-27

GN 6.0 -------->>>> +0-03   to 104-15  from 104-12

UST10YR: 3.1822%

2s/10s: 221.94 bps

DOW FUTURES: -31.00 to 8351

EFFECTIVE FED FUNDS:  -0.02  to  0.20  from 0.22

LIBOR FIXINGS

O/N LIBOR:  +0.0038  to  0.2425   from 0.2387

1 MONTH:    -0.0062   to  0.3950   from 0.4013

3 MONTH:    -0.0125   to  0.9737   from 0.9862

6 MONTH:    -0.0337  to  1.5063   from 1.5400

1 YEAR:      -0.0389   to  1.8200   from 1.8589