MBS ALERT: Stay Frosty

Just an FYI here...

Some late day gyrations...  Around the time that Iran's election results came out showing Mousavi with a 65% win, stocks bumped modestly up to their highs of the day.  This pushed treasury yields slightly above the previous trend, and have led MBS to test the 100-15 level.  Probably not too likely to get any reprices for the worse as the 3.81 level in tsy's (this AM's low) is unlikely to be broken, which should help our horizontal line at 100-15 hold.   but do stay frosty as it looks like after hours trading might hold some wider movements than the AM session.