Yesterday's Recap

-Moderate gains

- big picture remains mostly sideways before data today and even more important events on the horizon

The AM So Far...

- big picture remains mostly sideways before data today and even more important events on the horizon (deja vu?)

- MBS between unchanged and 2 ticks worse -- still in the range.

- Spreads tightened up this AM = bit difficult to rally unless tsy's cooperate

- tons of data to come (see bullet points in yesterday's close)

- If you floated overnight, you're safe so far!

- for MBS quotes updated every 30 min or less, don't forget:

THE RATES PAGE 

Charts

6/29 EFFECTIVE FED FUNDS:   -0.01  to  0.17  from 0.18

LIBOR FIXINGS

O/N LIBOR:     +0.0138   to  0.2775   from  0.2637

1 MONTH:       -0.0000    to  0.3088   from  0.3088

3 MONTH:       -0.0019    to  0.5950   from  0.5969

6 MONTH:       -0.0062    to  1.1113   from  1.1175

1 YEAR:          +0.0088   to  1.6063   from  1.5975