MBS UPDATE: Back In The Zone

Tsy yields have reversed to match their low at noon which is the lowest we've been in 6 hours.  Stocks too have failed to extend their rally now at 53 points up to 8339 on the Dow.

This has helped to boost MBS back into the "post triangle zone" with prices above the 100-04 line at 100-06.  So we're back to safe floating until further notice, of course, reassing the big picture at the end of the day despite an absence of intraday reprice risk.  In other words, this doesn't mean you should tune out through tomorrow, because Friday's always have potential to be weak