8/8 ... Wholesale Inventories Up 1.1%, sales up by 2.8%

Say goodbye to half your YSP gains for the morning.

Don't stress too much though.  This is just the initial reaction.  Many lenders just released rates a few minutes before this report assuming, as it is normally safe to assume, that it won't have a major impact unless wildly deviant.  So the 5 tick loss we've just seen in 6.0's would have to stick around for a bit longer before lenders that just put out rates for the morning would be thinking about repricing an eighth for the worse.  

Also, this puts us right at 100-00 on the day.