Yesterday we lost a lot after the close, today the opposite.

We're up to 101-02 in 5.5's currently as stocks sell off in earnest.

Tighter to UST's as well.

Today was just ridiculous. Absolutely no bid for MBS. They can't give these things away right now, and all notions of monitoring any sort of recurring economic data are out the window. Is there anything else of import in this world other than Lehman, AIG, Merrill, Financials, Gold, Oil, etc?

Just a bad boring day, thank goodness we made it out ok.