Monday 12/22...MBS near Base Camp

By: Victor Burek • Mon, Dec 22 2008, 10:27 AM

Currently the 4.5 coupon is trading at 101-17+ which is 7 ticks down from going out levels Friday. The 5.0 coupon is 102-03 which is 4 ticks down from going out levels. No need to panic, just wanted to provide an update. Trading volume is pretty thin.