MBS UPDATE: 1430 prices

1430 marks...

FN30__________________________________      

FN 4.5 -------->>>> +0-11 to 101-03 from 100-24                                      

FN 5.0 -------->>>> +0-09 to 102-05 from 101-28                                 

FN 5.5 -------->>>> +0-07 to 102-22 from 102-15   

FN 6.0 -------->>>> +0-03 to 103-11 from 103-08                                       

GN30____________________________________

GN 4.5 -------->>>> +0-11 to 101-18 from 101-07

GN 5.0 -------->>>> +0-13 to 102-27 from 102-14

GN 5.5 -------->>>> +0-08 to 103-05 from 102-29

GN 6.0 -------->>>>  +0-00 to 103-16 from 103-16

Correct...  No change from an hour and a half ago.  Treasuries continue to remain strong and MBS are along for the ride, significantly underperforming from a spread standpoint.  This has been the norm during rallies of late, and we are left to hope that when selling re-emerges, that spreads can tighten during that sell-off faster than they have widened during this rally.