Wednesday 8/13 ... A little bit more action...

Seeing more green now with 6.0's up 5 ticks to 99-30.  We've even pick up 3-4 ticks on the basis (spread between UST's and MBS in terms of dollar price).

So far, just as Billy Zane says "It's a walk off!" in Zoolander, I too am nearly confident enough in what I'm seeing to say, in the same declarative tone: "It's a rally!  It's a rally..."

I guess we'll know by the time today's movie is over.