Friday 10/3 ... Judo Chop!

The MBS bid counters the sellers with a smaller than previously seen "judo chop" a la Austin Powers.

Back up 1 tick on the day at 100-07

(directionality still uncertain, volatility still may lead to reprices, but not likely unless lender priced before NFP, or unless you're considering taking advantage of Overnight price protection)

Stay tuned.