MBS POST CLOSE: Improving between close and "going out" levels.

5.0 is up to 102-10.  3 ticks up on the day and our best levels of the day.  There is excellents support for this price level to finish out the day as a floor.

This is a reasonable indication to continue floating into tomorrow.  Of course there's always headline risk between lock cut off today and rate sheets tomorrow, but spreads and prices are moving in the right direction .  Hopefully the fact that this is ocuring late in the day is an indication of momentum building for tomorrow.

Be cautious though, tomorrow has the potential to be very volatile with numerous options expirations.