Naughty Stock Lever! More Reprices Likely
By:
Matthew Graham
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Now we're looking at losing a fairly decent chunk of YSP as sell-side momentum is picking up. If your lender is quick to the punch, you may start to see those reprices soon.
The 5.5 is now unchanged day over day at 97-22. For the longer end of you short term lockers, and certainly for the mid to long term, this is a key level we want to see hold.
But expect to pay in the form of reprices in the near term to see where we go.