MBS- FNMA 4.5 price: 101-30 closed.

10-yr Treasury Yield: 3.45% closed.

Couple things caught my eye today.  This one, of course:

A group of Democrats friendly to Wall Street interests forced a delay in consideration of the landmark financial regulatory reform bill scheduled to hit the House floor on Wednesday, Financial Services Committee Chairman Barney Frank (D-Mass.) told reporters in the Speaker’s lobby.

Frank accused the New Democrat Coalition of blocking the bill because its members are being prodded by big banks to abolish the Consumer Financial Protection Agency and to allow major financial institutions to avoid state laws tougher than federal regulations.  Link to article…

And this one:

British bankers are going bonkers today after the UK government announced that it wouldn’t stand idly by as they showered themselves with obscene bonuses made possible by last year’s massive infusion of government money.

Alistair Darling, the U.K.’s Chancellor of the Exchequer — sort of like a Treasury Secretary, but with more pluck — announced today that he will impose an immediate, one-time 50-percent tax on bonuses of more than 25,000 pounds (about $40,800). That’s on top of regular income taxes.  Link to article…