50.4 consumer confidence well below estimate of 56.0 Read More Now

as stocks sell off (big time), we're back up to 3 ticks positive on the day. Some straggling reprices for the worse could still trickle in, but the net effect should only be .125 worse for the day. If you are .25 worse on the day, you should be getting a reprice for the better. Read More Now

As I was putting the finishing touches on this morning's post (which was going to let you know that we were improved by 0-2/32nds) we are, all of a sudden, experiencing a little selling spree. We dropped between .125 and .25 in the past few minutes. Not a bad idea to take advantage of the fairly decent rates that have already been released this morning, unless you want to ride the s... ...CONTINUED - Read More Now

Just an appetizer here before the rest of the data hits in 30 minutes...Initial Jobless Claims dropped 5k to 381k (still very high).However, continuing claims moderated to a 3.060 million level, a 76k drop, and although over 3 million is still high, this is the lowest level in 6 weeks and the biggest one week drop since February. This isn't bond friendly news, but it's not a... ...CONTINUED - Read More Now

This is not going to cause any reprices for the worse... Just wanted to let you know that the aggressive improvements on the day seem to be leveling off as evidence by the graph below. The next hour and a half may see some more selling, but again, probably nothing that will cause any movements. Lots of data tomorrow, so locking may be what you want to do if you fear the reboun... ...CONTINUED - Read More Now