Gaining!

We've added on about 4/32nds in the last 20 minutes.  Lenders may consider repricing an eighth to a quarter better if current levels hold.  Keep floating...

The 5.5% Coupon is flirting with the 101-10 level.  This means lenders will have room to price 5.375% at Par.  It looks like the curve will keep moving up as the DJIA stays 80 points down or more.