After a brief sell off we are going sideways now...

FN 4.5: +15/32 at 100-10

FN 5.0: +10/32 at 101-10

FN 5.5: +8/32 at 101-29

FN 6.0: +4/32 at 102-15

As trading stabilizes in the short term we are expecting some  of the mid-morning gains to be passed through by previously passively priced investors.  Unfortunately some lenders may hold back some bps to protect themselves from the volatility that is to be expected at these higher price levels. More aggressive lenders will be watching as intently as we do for any sign of further retracement.

If you are floating short term keep your fingers on lock trigger