Mortgage Bonds are taking a beating off this morning by 59 bps early bouncing off a resistance level and now are sitting down on a level of support. No economic data released today. Retail Sales is out Thursday which should be a market mover. Oil went up $16 a barrell on Thursday and Friday. Rates are at their worst level since the first part of March. Lehman Brothers lost 2.8 billion and is raising another $6 billion in cash....a sign the credit crisis is not quite over. All in all rates are in a down trend and we look for some support level to strengths and some good inflation news in the near future.