Wednesday 8/27 - We're All Very Proud

Our little MBS is all grown up!  Look at him our there!  Holding his own even as stocks rally with the Dow around +100.

Plus, he's not giving into the peer pressure from UST's who have declined ever so slightly day over day.  Currently the 6.0 is up 2 ticks at 100-28+

Today is one of those days you get to walk by co-worker's offices who are watching the 10 year (which is down 3 ticks), and point and laugh if they locked this morning on the down treasuries.  MBS continues its upward trend channel.