MBS OPEN: SOME NEEDED SELLING

Dont get discouraged by this selling....WE NEED IT

APRIL FN30_____________________________

FN 4.0 -------->>>> -0-08 to 100-00 from 100-08

FN 4.5 -------->>>> -0-08 to 101-21  from 101-29

FN 5.0 -------->>>> -0-06 to 102-23 from 102-29

FN 5.5 -------->>>> -0-06 to 103-11 from 103-17

FN 6.0 -------->>>> -0-05 to 103-31 from 104-04

APRIL GN30_____________________________

GN 4.0 -------->>>> -0-08 to 100-04  from 100-12

GN 4.5 -------->>>> -0-08 to 101-26 from 102-02

GN 5.0 -------->>>> -0-07 to 103-06 from 103-13

GN 5.5 -------->>>> -0-05 to 103-24 from 103-29

GN 6.0 -------->>>> -0-04 to 104-06 from 104-10

2 DAY CHART FROM FRIDAY TO MONDAY CLOSE

EFFECTIVE FED FUNDS RATE: 0.17

LIBOR FIXINGS

1 MONTH: 0.521

3 MONTH: 1.226

6 MONTH: 1.774

1 YEAR: 2.033