Friday's trading has been slightly less exciting and has cut a much narrower range than Thursday's trading.  Markets might as well not even be open.  (If that doesn't excite you and make you want to read the rest of this update, I don't know what will).

The overnight session was beyond flat, with the 10yr trading range best described as "less than 1bp," for the most part.  Stock futures remained capped near yesterday's closing levels or just above, but again, bonds haven't done anything to chase yesterday afternoon's stock market strength.

The domestic session opened with bonds in slightly stronger territory, but trending toward weaker levels.  The economic data didn't really do anything to help or hinder those endeavors.  The 10am Consumer Sentiment release briefly looked like it would be an exception, but bonds rallied back just as quickly as they sold-off at 10am (more quickly, in fact).

As of this very instant, Fannie 3.0s and 10yr yields are both WHITE in terms of day-over-day chance on MBS Live--perfectly unchanged.  Any ideas on something to fill the space in tonight's recap?  

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
101-20 : -0-01
FNMA 3.5
104-15 : +0-01
FNMA 4.0
106-22 : +0-00
Treasuries
2 YR
0.6090 : +0.0080
10 YR
2.0230 : +0.0040
30 YR
2.8620 : -0.0030
Pricing as of 10/16/15 2:26PMEST
Morning Reprice Alerts and Updates
A recap of Alerts and Updates provided to MBS Live subscribers.
11:44AM  :  ALERT ISSUED: Edging Toward Negative Reprice Risk
9:43AM  :  Holding Ground After Industrial Production Hits Forecast
Live Chat Featured Comments
A recap of featured comments from the Live Discussion on the MBS Live Dashboard.
Oliver Orlicki  :  "Most of the top producers in the country say it is the single best thing they have done to their business.....well beside having a subscription to MND"
Jeff Anderson  :  "Only for FHA, JT. On conventional still a cash out if not taken at time home was bought."
John Tassios  :  "question: I am refi a 1st & 2nd mtg loan into 1 mtg loan, conventional - FNMA. Per FNMA if 2nd was not taken out as part of orig purchase, is it considered " cashout" instead of rate & Term?. Is there a point if HELOC not used time period, to where it can be considered not cash out?"
Matthew Graham  :  "I wouldn't consider 1bp of weakness "getting hit." It looks worse than it is due to the narrow y-axis set by yesterday"
benjamin levin  :  "what are consumers happy about that we are getting hit for?"
Jason Anker  :  "they wont see the hits their 401ks took till this month"
Oliver Orlicki  :  "Gotta love the consumer"
Matthew Graham  :  "RTRS - U.S. JOLTS JOB OPENINGS 5.37 MLN IN AUG (PREV 5.668 MLN) - LABOR DEPT"
Matthew Graham  :  "RTRS - UNIVERSITY OF MICHIGAN SURVEYS OF CONSUMERS CURRENT CONDITIONS INDEX PRELIM OCT 106.7 (CONSENSUS 101.5) VS FINAL SEPT 101.2"
Matthew Graham  :  "RTRS - UNIVERSITY OF MICHIGAN SURVEYS OF CONSUMERS SENTIMENT PRELIM OCT 92.1 (CONSENSUS 89.0) VS FINAL SEPT 87.2"
Matthew Graham  :  "RTRS- U.S. SEPT INDUSTRIAL OUTPUT -0.2 PCT (CONSENSUS -0.2 PCT) VS AUG -0.1 PCT (PREV -0.4 PCT)"