FN 4.5 +10/32 at 100-07

Early in the session the FN 5.0 is up 4/32 at 101-06 and the FN 4.5 is up 10/32 at 100-07. Looks to be the makings of another down in coupon day. If we can build on and hold these gains, more aggressive lenders will be pricing 30 yr fixed rate mortgages near 4.5%

Will report back with more detailed update and new developments