No news, no volatility, and it’s Friday.  Doesn’t get much better than that.  10 year note down a few ticks but mortgage backs only off 2/32’s.  Dow down 20 points while the Naz is up a dozen.  About QE2 – interesting how much it will cost the tax payers to keep the doors open at Fannie/Freddie.  I’ll try to make some sense of it all this afternoon.