MBS UPDATE: BIDS MOVING HIGHER

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Quick price update while I write morning commentary...

MBS is moving higher while the yield curve flattens. The 5yr Treasury price is up 2/32 and the 10 yr Treasury price is up 10 ticks. Stocks opened to the upside after better than expected housing starts but have since turned negative.

APRIL FN30_______________________________

FN 4.0 -------->>>> +0-03 to 99-03 from 99-00

FN 4.5 -------->>>> +0-02 to 101-03  from 101-01

FN 5.0 -------->>>> +0-03 to 102-12 from 102-09

FN 5.5 -------->>>> +0-03 to 103-02 from 102-31

FN 6.0 -------->>>> +0-03 to 103-21 from 103-18

APRIL GN30_____________________________

GN 4.0 -------->>>> +0-04 to 99-05  from 99-01

GN 4.5 -------->>>> +0-04 to 101-10  from 101-06

GN 5.0 -------->>>> +0-02 to 102-23 from 102-21

GN 5.5 -------->>>> +0-03 to 103-12 from 103-09

GN 6.0 -------->>>> +0-01 to 103-24 from 103-23