MBS Open: Marginal Up Tick

At the Open...

FN 4.0: +0-01+ at 99-25

FN 4.5: +0-05  at 101-11

FN 5.0: +0-04 at 101-30

FN 5.5: +0-03 at 102-09

FN 6.0: +0-00+ at 102-18

SIFMA recommends a 2pm close for the bond market today...trading will be thin today so any large buy/sell orders have the potential to swing prices in a wider range.