MBS OPEN: PROFIT TAKING TODAY?

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FN March Coupons...

FN30__________________________________          

FN 4.5 -------->>>>  -0-04 to 101-00 from 101-04                                      

FN 5.0 -------->>>>  -0-01 to 102-05 from 102-06                                 

FN 5.5 -------->>>>  -0-01 to 102-22 from 102-23   

FN 6.0 -------->>>>  -0-02 to 103-10 from 103-12                                       

Yesterday was Class C notification day...we start watching GN March coupons today.

Economic Press Releases

MBA Weekly Mortgage Applications Index

New Residential Construction (Housing Starts)

Industrial Production and Capacity Utilization (G17)

 Survey of Current Business

U.S. Import and Export Price Indexes

Federal Open Market Committee (FOMC) Minutes

The stack is nearing profit taking levels again...be aware. Lenders will be skiddish today....