The Market at a glance

• We saw a lot of movement in the MBS markets yesterday as we rallied in the morning before selling off a bit in the afternoon and eventually settling in. After all was said and done we ended the day pretty much flat to where we opened. There was mixed economic data yesterday out of the US which helps to explain some of the big swings we saw yesterday. • Looking at the day ahead we have Housing Starts are 8:30 AM and Consumer Sentiment at 9:55 AM. Housing Starts picked up a bit in March and economist are expecting even more of a pickup for April. Consumer Sentiment is also expected to come in higher than the previous index as consumer spending starts to pick up.