MBS OPEN: The Morning After

Yesterday's Recap

- light news day (cough cough)

- Bernanke under fire

- FOMC equivocal as expected.

- Tsy's and Stocks lose, MBS hold Steady

- 5yr auction was decent, but overshadowed by FOMC

The AM So Far...

-Bears rejoice: Jobless Claims up to 627,000 - mild MBS rally ensues (not reflected in charts)

- Bears grumble and nod: GDP -5.5%, not the 5.7% expected, but enough to keep a bear from starving nonetheless

- Bernanke in hot seat following yesterday's accusations of Merrill/BofA impropriety. 

- I put the charts together before this AM's rally, but CHECK OUT THE PRICE PAGE.  Yes, it's safe to come out now.

Charts