September 5th Mortgage Market Wrap-up 2

Mortgage backed securities (MBS) closed even today at 103.72 after having pressed against resistance just 6 points above all day before succombing to it.  Big news is expected tomorrow from the Eurozone as to whether they will initiate the program of buying Spanish and Italian bonds.  ECB Mario Draghi is scheduled to speak before bond markets open tomorrow morning.  In addition, bond traders are wary of Firday's jobs report and are playing it close to the vest as a result.  The 30 year was available at 3.50% again today.