Monday 11/17...Flat so far

Goooooood Morning!

After closing up 6/32 for the week ending 11/14/2008, the benchmark 5.5 FN MBS is unchanged at 99-25 early in the session. US stock futures are down and swaps are generally tighter across the curve

Empire State Manufacturing Survey at 830AM

Industrial Production at 915AM

3 month T-bill acution at 1PM

Will report back with commentary mid-morning