MBS- FNMA 4.5 price: 100-03

10-yr Treasury Yield: 3.69%

This one from Market Watch seems worth reading:

WASHINGTON (MarketWatch) — Meeting with 12 executives representing small banks, President Barack Obama vowed Tuesday to press federal agencies to “cut some of the regulatory red tape” that may be limiting the ability of community bankers to lend more as the economy recovers.

“Some small bankers still have some regulatory constraints,” Obama explained in remarks made in conjunction with the meeting. “In some ways, the pendulum may have swung too much in the direction of not lending after decades of too much of a focus on getting money out the door.”  Link to article…