The Important News Is In (it's good)

Of course, it's way too early to tell where MBS will be by the time rates come out, but Incomes and Outlays report was just released in our favor.  The 6.0% coupon is already up 8/32nds and the 5.5 is up 12/32nds.  There's you breaking news, more to follow when the rest of the data hits...