MBS OPEN: LOOKING FOR A REASON

By: • Mon, Mar 16 2009, 8:19 AM

Good Morning. At the open the stack is trading down a few ticks. MBS continues to trade in the expensive range and will be looking for a reason to move cheaper.

APRIL FN30_______________________________

FN 4.0 -------->>>> -0- 11 to 98-25 from 99-04

FN 4.5 -------->>>> -0-09 to 100-26 from 101-03

FN 5.0 -------->>>> -0-07 to 102-02 from 102-09

FN 5.5 -------->>>> -0-05 to 102-25 from 102-30

FN 6.0 -------->>>> -0-05 to 103-13 from 103-18