MBS MID-MORNING: FLOOR and REBOUND

By: Matthew Graham • Fri, Jan 16 2009, 9:08 AM

4.5's found a floor at 101-22 and from a technical analysis perspective, made a nice "double bottom" before coming up 4 ticks to 101-26. This is 4 ticks down on the day.

4.0's are a bit better, now only 2 ticks down on the day at 100-16.

5.0's only 1 tick down on the day at 102-23.

Still in "wait and see" mode for the rest of the morning volatility to shake out. We'll have a full post for you shortly.