Tuesday 9/16 ... Pimco's Gross

Says "Fed's eye is only temporarily off the ball..." When they get their eye back on the ball, it will lead to increased buying in MBS.

Folks, we haven't seen enough of an FI sell-off to push float-clubbers into locking. If we continue to hold 101-00 (currently 2 ticks above that), and you have a few weeks between now and needing to order docs (possible even a few days!), it is a higher probability that prices will be higher then than they are now.