MBS OPEN: MBS STABLE WHILE TSYs SELL

By: • Wed, Mar 4 2009, 8:26 AM

Good Morning. The yield curve is steepening. MBS is outperforming TSYs. Spreads are tighter.

Opening Marks...

FN30_____________________________________

FN 4.0 -------->>>> +0-03 to 98-23 from 98-20

FN 4.5 -------->>>> +0-00 to 100-20 from 100-20

FN 5.0 -------->>>> +0-02 to 102-03 from 102-01

FN 5.5 -------->>>> +0-02 to 102-26 from 102-24

FN 6.0 -------->>>> +0-00 to 103-17 from 103-17

GN30_____________________________________

GN 4.0 -------->>>> -0-04 to 98-18 from 98-22

GN 4.5 -------->>>> -0-01 to 100-23 from 100-24

GN 5.0 -------->>>> +0-02 to 102-11 from 102-09

GN 5.5 -------->>>> -0-01 to 103-01 from 103-02

GN 6.0 -------->>>> +0-00 to 103-19 from 103-19