Friday 10/10 ... Armageddon

6.0's are at 100-03.

Forget 5.5's, now down a point on the day at 98-11.

6.5's are at 101-18.

This is either the "beginning of the end" that the uber-bears warned against, or we're poised for an all-time bounce.

Recent history informs the latter as idealistically hopeful. Buckle up, buckle in, and buckle down for a rough remainder of october.

Don't forget though, that sub 6.5% par rates are still historically low, if that's any solace to you.