MBS- FNMA 4.5 price: 101-05 closed.

10-yr Treasury Yield: 3.55% closed.

Well, it appears SOMEBODY in Washington gets it:

House Passes Far-Reaching Bill Tightening Financial Rules:

The vote is the most significant legislative act to confront the financial crisis that exploded last year since the vast and costly bailout that was rammed through Congress at the peak of the emergency. It was an effort to address comprehensively what many of the bill’s supporters have called the underlying causes of the collapse — reckless risk-taking unrestrained by regulation.  Link to article…

But was the legislation mutilated by industry lobbying, leaving it ”riddled with loopholes“?