MBS UPDATE: STUCK IN A RANGE

By: • Thu, Mar 12 2009, 3:04 PM

MBS continues to trade in a TIGHT range. Several investors have repriced for the better. MBS remains insulated from the stock lever.

APRIL FN30_______________________________

FN 4.0 -------->>>> +0-05 to 99-01 from 98-28

FN 4.5 -------->>>> +0-08 to 101-02 from 100-26

FN 5.0 -------->>>> +0-04 to 102-08 from 102-04

FN 5.5 -------->>>> +0-05 to 103-00 from 102-27

FN 6.0 -------->>>> +0-03 to 103-17 from 103-14