MBS UPDATE: More Gyrations

Treasuries have slightly improved and MBS have slightly worsened...

FN30_________________________             GN30______________________

FN 4.5 -------->>>> -0-02 to  100-15               GN 4.5 -------->>>> -0-03 to  100-20

FN 5.0 -------->>>> -0-03  to  101-16              GN 5.0 -------->>>> -0-04 to  101-24

FN 5.5 -------->>>> -0-04  to  102-05              GN 5.5 -------->>>> -0-04 to  102-11

FN 6.0 -------->>>> -0-02  to  102-30              GN 6.0 -------->>>> -0-02  to  102-27

No reason to panic. If pricing continues to deteriorate we will alert...

Equity investors would love a little stability right now. Check out the Dow intraday...