MBS OPEN: Stocks Edge Higher. Rates Up Ahead of Data

Ahead of 830am Nonfarm Payrolls and Unemployment data....

Stock futures are higher....

The 3.625% coupon bearing 10 year TSY note is -0-02 at 100-03 yielding 3.614%.

The FN 4.0 is -0-02 at 98-18 and the FN 4.5 is +0-00 at 101-13....

Nonfarm payrolls are expected to print at -50,000. The consensus unemployment rate is 9.8%. Winter weather is expected to cause a temporary contraction in payrolls. READ MORE

Tic toc tic toc....