Reprices for the worse have been reported at a few lenders, the stack is still green across the board as the relatively cheap higher coupons lead the way (in terms of trade activity/flows/attention). We are still floating past settlement.

Fn 4.0-> +0-05+ to 101-06+           Gn 4.0-> unchanged at 100-29+

Fn 4.5-> +0-01+ to 102-16             Gn 4.5-> +0-01 to 103-10

Fn 5.0-> +0-03  to 103-11+            Gn 5.0-> +0-07+ to 104-03+

Fn 5.5-> +0-01+ to 103-20+           Gn 5.5-> +0-01 to 104-07

Fn 6.0-> +0-03 to 103-29+             Gn 6.0-> +0-00 to 104-04

 

10 YR AUCTION BID-TO-COVER WAS 2.59...Here is press release