After the recent rally, Mortgage Bonds are drifting lower as the trading week draws to a close. Cautiously floating is recommended. 10-yr T Note yield 2.26% from 2.27% from yesterday's close. But as of mid morning, MBS quickly erase their losses. USD Libor 1-month .19%, 3-month .29%, 6-month .46%, 12-month .80%. June New Home Sales unexpectedly fall by 6.8% from May to an annual rate of 482K, below the 550K expected and the worst print of 2015.