Traders work on the floor of the New York Stock Exchange Futures Gain on Spain Aid Deal

Mortgage bond prices opened slightly positive on the day but failed to erase the losses from Friday afternoon which leaves us worse since PRICING Friday morning. There is no data today, however this week brings 3/10/30-year auctions, consumer and producer price index data and retail sales. The eurozone stepped in and helped Spain's banks with $125 billion of assistance. The last thing Europe needs is additional defaults. Greece is already rumored to be leaving the euro, they can't add Spain to the fears without dire consequences. In the short term this rescue package helps, in the long term things still look dire. Spain is now the fourth on the list of countries the eurozone have bailed out....Portugal, Greece, Ireland. Italy is also in bad shape. France isn't without woes.