Good Morning!

Stability has continued overnight as MBS picked up 4 ticks from "going out" levels and 1 tick from the 3pm official close. This puts the 6.0 at 100-17+, respectable against the backdrop of recent days.

After 2 positive days, both with very stable and predictible price action, will we see a third day potentially edifying the theory that current MBS stability is an early indictor of the newly coined term: TARPtimism? Stay tuned and we shall see!


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