Monday 10/20 ... MBS Enter The Military

First things first: time for the "high and tight..."

6.0's are about 5 ticks higher at equally tighter to treasuries at the moment.

It's a good open so far... Stable...

It's amazing how much money a drama-free weekend has brought back into the markets. Stock futures are up, oils up, bonds are up (except longer duration), even gold is up!

This is a crazy week in terms of earnings. Could be another whipsaw week for stocks. If MBS continue to show their uncharacteristic stability, we can continue to dream of TARPier days.

Stay tuned for more....