New Yearly Highs, Mean Rates Reach Yearly Lows

Bottom Line: This morning we broke through the yearly highs of the Mortgage Backed Securities market and are now enjoying the peak of the mountain. Difficult to say which way we go from here so we're simply going to enjoy a graph.
Isn't it beautiful? A completely subjective question. If you are in a position to lock and take advantage, than yes it is beautiful, if you're positioning yourself to take advantage it's awesome, but a little scary... a long way to fall should we slip.

One thing is certain, investors are not all that confident in our economy right now which is why we've seen such a flight to safety.