Wed 8/13 ... Sideways and "nice"

Just like when your high school prom date asked you "how do I look?" and you didn't want to give either a negative or positive indication lest ye cause backlash, the MBS curve currently looks "nice."

we're at 99-29 which is 4 ticks up on the day... nice.

we haven't violated any major low points of the day since 9AM... nice.

things should probably fade sideways into the afternoon as the real decisions concern CPI tomorrow... nice?

Keep floating...