MBS LATE MORNING: A Spoonfull of Sugar, but Just A Teaspoon...

By: Matthew Graham • Tue, Dec 9 2008, 11:20 AM

A bit stronger than earlier now with the following gains and price levels:

4.5's up 5 to 99-20

5.0's up 5 to 100-30

5.5's up 6 to 101-22

These are all slightly better than previous levels today, but 5.0's were promptly turned away at the 101-00 level. We're still floating.