April 12th Mortgage Market Wrap-up 2

Mortgtage backed securities (MBS) closed down three basis points today at 103.19 once again having remained just slightly above support offered by the 50 day moving average,  Inflation at the producer level remained under control as the Producer Price Index indicated this morning.  An increase first time unemployment claims also helped keep MBS bonds from larger losses in the face of a strong rally for the day in equities.  There was also more chatter today about additional easing.  The 30 year remained at 3.875% today.