MBS MORNING: Rebounding Now..

After falling all the way to 99-24, the

Current MBS Price and Day Over Day Change:

FN 5.5 30YR MBS = 100-05  .... -0-12 (12 ticks)

This is in the bottom of yesterday's trading range and there is excellent support around 100-02.  If you don't have rates yet, at this point, we should float until further notice.