Agency / GSE Mortgage Pass-thrus

Market Overview  | Corporate Bonds | Municipal Bonds

FRM: Following an active day, today is fairly quiet with ~25mm out for bid which mostly comes from one line item, CFLX 07-3 1A2.
ARM: NA Arms - volume dropped from the prior session to around ~12mm CF ahead of the weekend, Alt-A Hybrid paper leading the way volume wise with ~9mm CF out on bwics.
CMBS: Spreads are tighter
      CMBS 2.0/3.0
      Jun AAAs-1bps
      AAs-2bps
      As-3bps

     Single Assets
     AAAs-1bps
     AAs/As-2bps
BWIC volume is light and consists of a mixed bag of securities from various vintages.                              
HEQ: BWIC volume lower today, with ~ $17mm CF out for bid, consisting primarily of Subprime collateral.
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Non-Agency CMO

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Consumer ABS and CMBS

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