MBS MORNING: Stocks Stay High, Tsy's Stay Weak, MBS Trying To Fight.

The Dow is holding it's gains up around 300 pts on the day.  Tsy's are still as weak as they were.  The 100-14 level has given way to the 100-13 level in MBS, which as we said last time is still "not that bad," but considering we're at the lows of the day and despite the Custer impersonation that we've been moving slowly but surely down, it's not impossible to see a reprice for the worse this AM, though it wouldn't be much and not a certainty in the first place.  Personally, I'd sacrifice the potential eighth to continue to attend this "wait and see" meeting.