MBS UPDATE: Sideways

The stack remains stagnant...

FN30_________________________                GN30______________________

FN 4.5 -------->>>> +0-00 to  100-19                   GN 4.5 -------->>>> -0-02 to  100-25

FN 5.0 -------->>>> +0-01  to  101-22                  GN 5.0 -------->>>> +0-00 to  101-28

FN 5.5 -------->>>> +0-00  to  102-07                  GN 5.5 -------->>>> +0-00 to  102-13

FN 6.0 -------->>>> +0-00  to  102-31                  GN 6.0 -------->>>> -0-02  to  102-28

...and the Yield Curve is steepening still.