| Dec 29, 2011 1:40PM As expected/feared, this morning's economic data did little to rouse holiday-sedated markets. In fact, if it weren't for the somewhat interesting fact that MBS just hit their highs of the month in Fannie 3.5's, things look completely dead. But Fannie 3.5's creeping up into the 102-20's is good enough for Miracle Max to declare that markets are only "mostly dead." The following few charts constitute an attempt to bellow enough life into bond markets to at least hear them muster "to blave..." Here... Dec 29, 2011 11:48AM Who says that folks in the mortgage business can't rhyme ? If you're away from your home, and you come back and find that a pipe has burst, and the place is flooding, do you a) fix the leak, or b) raise the roof? I realize that the situation is more complex than that, but the White House plans to ask Congress for an increase in the government's debt ceiling to allow the United States to pay its bills on time. Didn't we just go through this? The approval is expected to go through without a challenge...
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