Below is the news when it happened and the market's reaction:
9:39 AM - S&P slightly higher after the open.
9:00 AM - S&P futures now near unchanged.
8:45 AM - The benchmark 3% Fannie Mae 30-yr coupon opens below support at the 25-day Moving Average (103.76).
8:38 AM - The Treasury will sell $24B 3-yr Notes on Tuesday, $23B 10-yr Notes on Wednesday and $15B 30-yr Bonds on Thursday.
8:35 AM - The New York Fed provides early week support as it purchases up to $2.675B in 30-yr Fannie/Freddie 3s and 3.5s later this morning.
8:32 AM - There is just an 18% chance of a Fed Funds Rate hike in September.
8:30 AM - Fed Fund Futures show a 47% probability of a Fed Funds Rate hike in December, up from 37% on August 4.
8:24 AM - The U.S. dollar index 96.27, +0.13.
8:21 AM - There are no scheduled market moving events today.
8:20 AM - WTI oil +$0.85 to $42.65/barrel.
8:19 AM - 10-yr T Note yield edges higher to 1.59%.
8:14 AM - S&P futures modestly higher as Friday's robust payrolls data boosted optimism about economic growth. The S&P (2,182) and the Nasdaq (5,221) closed at record highs on Friday.
8:11 AM - MBS open near unchanged after Friday's decline which was touched off by the better-than-expected data from the July Jobs Report.