Pre-Game Show

Good Morning and welcome to the pre-game show.    It will be another hour and a half before any scheduled economic data has a chance to impact MBS trading today.  But at least during the warm up sessions, things are good with the 6.0% coupon improved by 6/32nds. 10 AM eastern brings us the only two scheduled reports for the day, not to mention that stocks will have been open for 30 minutes by then as well.  So the time immediately following 7AM should tell us much about the course of the rest of the day.