MBS OPEN: UP SO FAR

8am marks...

FN30__________________________________       

FN 4.5 -------->>>> +0-04 to 100-28 from 100-24                                       

FN 5.0 -------->>>> +0-04 to 102-00 from 101-28                                 

FN 5.5 -------->>>> +0-02 to 102-17 from 102-15   

FN 6.0 -------->>>> +0-01 to 103-09 from 103-08                                        

GN30____________________________________

GN 4.5 -------->>>> +0-02 to 101-09 from 101-07

GN 5.0 -------->>>> +0-03 to 102-17 from 102-14

GN 5.5 -------->>>> +0-01 to 102-30 from 102-29

GN 6.0 -------->>>> -0-01 to 103-15 from 103-16

Treasuries are rallying and MBS/TSY spreads are wider as the yield curve outperforms MBS.