FNMA 30-Yr 4.0%

Previous close 101.06
Opened Down 0.15bp @ 100.906

Key Economic Data:

EUR / USD 1.4601 Down 0.0033
USD / JPY 80.2105 Down 0.1260
GBP / USD 1.6955 Down 0.0031

Oil 99.17 Down 1.05
Gold 1,543.50 Up 1.10

Key Economic News:

A few policymakers speak this afternoon:

13:15: Treasury Secretary Timothy Geithner speaks to International Monetary Conference.

17:30: Dallas Fed President Richard Fisher speaks at Market News event. Details TBA.

Advice:
With the sell off on Friday, and a weaker dollar. We could see some buying today.

My position on MBS changes to neutral