MBS have dropped below the 200 DMA, day moving average, this morning.  This is not a good start today.  From yesterday at noon until now MBS have dropped about 60 bps.  Yesterday the Fed statement said they were a little concerned about inflation, but also downgraded their look on employment.  The jobless claims in the last quarter have been close to best in a decade, so it is interesting as to what they know and what the data is saying.  This did 2 things that were not bond friendly:  1) it gave stocks momentum and 2) it made the markets think a rate hike is not coming in December.  Who knows what will happen, but I strongly suggest LOCKING; the 4+ week trend above the 200 DMA has been pierced.