MBS ALERT: DID YOU GET A REPRICE

By: •

For the better?

If not it is fair to say you are due one because the stack has improved in after hours trading....

FN30_________________________                GN30______________________

FN 4.5 -------->>>> +0-06 to  100-25                   GN 4.5 -------->>>> +0-04 to  101-00

FN 5.0 -------->>>> +0-06  to  101-27                  GN 5.0 -------->>>> +0-05 to  102-02

FN 5.5 -------->>>> +0-05 to  102-12                  GN 5.5 -------->>>> +0-05 to  102-18

FN 6.0 -------->>>> +0-04  to  103-03                  GN 6.0 -------->>>> +0-03  to  103-01

 

Stock markets managed to close relatively flat after an up and down day. Bulls anticipate a stimulus package would put a floor on the fall in financial markets. Bears laugh and say we are already too deep in the deflationary cycle.

 

What say you? Bullish or bearish? Is there a bear market rally on the horizon?