Monday 8/25 - Citigroup Cuts GSE price Target, Spreads Widen

By: Matthew Graham • Mon, Aug 25 2008, 7:03 AM

Hey, you'd think that would be bad news, but treasuries are strong to the point that we're still up in MBS. Currently up 6/32nds in 6.0's at 100-17.

Much to happen after stocks open and if Existing home sales holds a surprise.

Stay tuned.