MBS began the session in slightly stronger territory and soon gave up those gains after stronger-than-expected Durable Goods data.  Despite the pull-back, prices managed to hold support at unchanged levels.  Those session lows along with the opening highs have since formed a range that's been maintained all morning (a narrow 4/32nds or .125).  All that despite the 2nd congressional testimony from Fed Chair Yellen.

The next potential market mover is coming up shortly with the 7yr Treasury auction at 1pm.  Volatility has been subdued though, and it would take quite a lot to change that today. 

MBS Pricing Snapshot
Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is available via MBS Live.
MBS
FNMA 3.0
97-07 : +0-05
FNMA 3.5
101-14 : +0-04
FNMA 4.0
104-27 : +0-04
Treasuries
2 YR
0.3245 : -0.0035
10 YR
2.6477 : -0.0263
30 YR
3.6027 : -0.0323
Pricing as of 2/27/14 12:24PMEST
Morning Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
10:18AM  :  Europe and Month-End Keep Bond Markets Propped up
8:46AM  :  Bond Markets Pull Back After Stronger Durable Goods Data
Live Chat Featured Comments
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Matthew Graham  :  "RTRS - US JOBLESS CLAIMS ROSE TO 348,000 FEB 22 WEEK (CONSENSUS 335,000) FROM 334,000 PRIOR WEEK (PREVIOUS 336,000)"
Matthew Graham  :  "RTRS - US JAN DURABLES ORDERS -1.0 PCT (CONSENSUS -1.5 PCT) VS DEC -5.3 PCT (PREV -4.2 PCT)"
Matthew Graham  :  "RTRS- US JAN NONDEFENSE CAP ORDERS EX-AIRCRAFT +1.7 PCT (CONS -0.5 PCT) VS DEC -1.8 PCT (PREV -0.6 PCT)"
Constantine Floropoulos  :  "I can't begin to number the amount of questions MG has answered for me over the years and the wealth of knowledge I have gained from him & this site. He's like my own analyst, research, and advisor.....since 2009."
Matthew Graham  :  "RTRS - FED'S YELLEN SAYS SINCE MY APPEARANCE BEFORE LAST COMMITTEE SOME DATA HAS BEEN SOFTER"
Matthew Graham  :  "OVER 6.5 PERCENT UNEMPLOYMENT, FED SEES ABSOLUTELY NO REASON TO CONSIDER RAISING RATES, UNDER 6.5, WE START TO CONSIDER IT -YELLEN"
Matthew Graham  :  "WE HAVE GIVEN NO INDICATION THAT WE INTEND TO SELL MORTGAGE-BACKED SECURITIES -YELLEN"
Matthew Graham  :  "RTRS - ASKED ON PAUSING TAPERING, YELLEN SAYS COLD WEATHER HAS PLAYED SOME ROLE IN RECENT SOFT DATA"