At the time of the last post the FN 5.0 was +2-15 at 100-30, since then the slow uptick trend has lost steam as originators sell to hedge their future rate commitments.

The FN 5.0 is currently trading +2-07 at 100-23...7 ticks below the time of the last update. Aggressively priced lenders will be  pondering a negative reprice if this continues...