Mortgages are 1 basis point to 1 1/2 basis points tighter to swaps.
There has been some bank buying of the 15 year sector. The buying has been by small and medium sized banks.
The Bullard comments about extending the MBS QE have not had a strong result thus far.
One trader in an email suggested that while it would be appropriate for the Fed to keep its options open, he did not think that they would extend the purchase program unless the economy began to form a W