Friday 10/17 ... Off the Highs a bit

Stocks rallying and treasuries selling a bit.

6.0's are down to 100-20 which is 3+ ticks improved on the day.

6.5's however are down 3 ticks so far which may prompt early reprices from more aggressive lenders.

Still, considering the nice tightening AGAIN today, even simply staying tight to treasuries despite losing some ground in terms of price, mid to long termers are probably getting an increasing dose of evidence to continue floating.

If you are uber-short term, as always, take a look at where you stand and lock in if you can't afford the risk (but we're talking UBER short term... things "feel" good for the upcoming week, and possibly even later today, but each day brings surprises).

staying tuned is your best bet. We'll keep you right on the bleeding edge...