Thursday 8/28 ... Stock strength may pressure bonds

With the dow up 100 points so far, we are seeing 2-3 ticks of pressure on MBS.

The 6.0 is currently still fantastic at 100-29.

If Stocks continue a rally, we might see some more pressure.  Whatever the case, MBS are certainly more popular than laggard treasuries today down 8-10 ticks.

Stay tuned...