MBS -9/32 @ 99.290 10 Yr
Treasury -13/32 @
2.836 Dow -25
@ 15,889
MBS moved lower early in the session after the release of stronger
than expected ADP Employment data and later recovered some losses. The Fed's
Beige Book reported that the economy expanded at a "modest to
moderate" pace in recent weeks. The Dow is down 25 points. Tomorrow, third
quarter GDP revisions, Jobless Claims, and Factory Orders will be released.
There will be an ECB meeting early tomorrow morning as well.
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