Friday 11/21...Still Improving

By: Victor Burek • Fri, Nov 21 2008, 1:48 PM

5.5's are moving higher, currently at 100-09 which is up 1 tick on the day.

Float club is in session right now, but stay tuned. A late day sell off is very possible, but you need to allow some time for lenders to price in the gains we are seeing. So favorable reprice is very possible but we will have to hold these levels for a little time.