MBS OPEN: AFTER HOURS GAINS GONE

Yesterday's late afternoon gains have been erased this morning....

FN30_____________________________________

FN 4.0 -------->>>> +0-00 to 98-13 from 98-13

FN 4.5 -------->>>> -0-01 to 100-13 from 100-14

FN 5.0 -------->>>> +0-01 to 101-28 from 101-27

FN 5.5 -------->>>> +0-00 to 102-19 from 102-19

FN 6.0 -------->>>> -0-01 to 103-11 from 103-12

GN30_____________________________________

GN 4.0 -------->>>> -0-01 to 98-16  from 98-17

GN 4.5 -------->>>> +0-00 to 100-17  from 100-17

GN 5.0 -------->>>> +0-00 to 102-04 from 102-04

GN 5.5 -------->>>> -0-01 to 102-27 from 102-28

GN 6.0 -------->>>> +0-00 to 103-14 from 103-14

TSYs selling...

US Stock futures indicate optimism...