5.0's have begun to fade slightly, but this won't affect today's pricing. They're down to 95-12, which is 16 ticks up on the day.

5.5's have come along for that ride to some extent as we are back down to 98-03 which is 13 ticks up on the day. This is 5 ticks off earlier highs, but no cause for reprice concern.

We have widened to treasuries since the announcement as the tenor was admittedly negative regarding the economic outlook. In times like these, treasuries outperform, just as they've been doing as the *** has hit the fan over the past several months.