MBS MORNING: Consumer Confidence in at 38.0... All Time Low

By: Matthew Graham • Tue, Dec 30 2008, 10:03 AM

Consensus was for 43.8. November's reading was 44.7.

Definitely weak, but no reaction in MBS so far. Treasuries are slightly improved in the long end, so if a directionality was suggested, it would be the good kind.