MBS UPDATE: Real Money Profit Takers

By: • Wed, Jan 7 2009, 8:51 AM

Early in the Session real money profit takers are selling...no Federal Reserve has been reported yet

Fn 4.0-> -0-07 to 101-04

Fn 4.5-> -0-06+ to 102-12

Fn 5.0-> -0-11+ to 102-31

Fn 5.5-> -0-11 to 103-09

Fn 6.0-> -0-08 to 103-22

SHORT SHORT TIMERS (like closing tomorrow) might consider utilizing overnight protection if it is still available. Morning Commentary to follow...