Rate Watch 2-3-2009

Continued volatile sideways trading for Mortgage Backed Securities.
There are no economic reports set for release today, but with Bond prices trading in a wide range, there is plenty of room for prices to move around.
In other news, the world is still awaiting the Senate vote for the nearly $900 Billion stimulus plan. Legislators are seeking changes worth Billions of dollars to the President's economic stimulus package, as the US Senate began debate yesterday on the plan. Rates lost ground over the past few weeks so lets hope for a better week this week.