Friday's close on market

MBS  +1 & 1/32 @ 100.30      10 Yr T  +28/32  @ 2.60          DOW  +30 @ 15658

 

Weaker than expected Employment data helped MBS to recover nearly all of their losses from earlier in the week. The Fed has indicated that the strength of the labor market is a major factor in determining when they will begin to taper the bond purchase program. Today's data caused some investors to expect the Fed to wait even longer before tapering, which added to the gains for MBS.
Next week will be a light one for economic events. ISM Services will be released on Monday. The Trade Balance will come out on Tuesday. There will be Treasury auctions on Tuesday, Wednesday, and Thursday. Speeches from Fed officials also will receive attention from investors next week.