MBS UPDATE:

By: •

srry was away from computer but you occupied your time nicely in comments. in today's session volume was below average....morning buying  had transformed into a stable range by 3pm close. reprices for the better were awarded. oddly we heard of a reprice for the worse as well. Random occurrence when market is buying with "down in coupon MBS"  bias...

5pm Marks

FN30_________________________           GN30______________________

FN 4.5 -------->>>> +0-08  to  100-29        GN 4.5 -------->>>> +0-07  to  101-00

FN 5.0 -------->>>> +0-07  to  101-28        GN 5.0 -------->>>> +0-07 to  102-04

FN 5.5 -------->>>> +0-06  to  102-16        GN 5.5 -------->>>> +0-05  to  102-20

FN 6.0 -------->>>> +0-04  to  103-06        GN 6.0 -------->>>> +0-01  to  103-01

Matt is feeling better. He requested the honor tonight. His post to follow...

P.S

If you missed the debate over "Why the Fed bought FN 5.5 MBS???"......then click here_______> MBS UPDATE: NOT PRICE UPDATE !!!!!

Hint #5: Cost of Carry