MBS CLOSE: Not so much of a "glide." More of a bumpy landing...

As the bond market close came within 5 minutes, it did indeed look like we'd make it on a bit of an uptick, but what a difference a few minutes can make. 

Now down to worst levels of the day (I know, it's a rollercoaster...),

4.0's down 19 ticks to 99-20

4.5's down 14 ticks to 101-03

5.0's down 13 ticks to 102-03

Reprices for the worse still a possibility.