It turns out that the 99-28 level discussed this AM is indeed the "Floor Of The Day!"

Explaining this in words is not nearly as potent as the simple following chart:

With only a short time left before the close of MBS trading for the day, we wouldn't expect much else to create reprice risks as far as the MBS market is concerned.

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

FN30________________________________

FN 4.0 -------->>>> -0-08   to 99-28    from 100-04

FN 4.5 -------->>>> -0-07   to 101-22  from 101-29

FN 5.0 -------->>>> -0-06   to 102-22  from 102-28

FN 5.5 -------->>>> -0-04   to 103-17  from 103-21

FN 6.0 -------->>>> -0-01   to 104-23  from 104-24

GN30________________________________ 

GN 4.0 -------->>>> -0-11   to 99-25   from 100-04

GN 4.5 -------->>>> -0-08   to 101-25 from 102-01

GN 5.0 -------->>>> -0-06   to 103-17 from 103-23

GN 5.5 -------->>>> -0-01   to 104-00 from 104-01

GN 6.0 -------->>>> -0-00   to 104-20  from 104-20

UST10YR:  -0-26 yielding 3.226%

2s/10s: 231.17 bps

We'll get back to you before the end of the day with thoughts on tomorrow and a more detailed recap of today's action.