We’re mostly out of the May MIC trade and sitting at around 5.8%. I’ve got like 10-15% of the trade still on and might be able to eek a bit more out of it. Maybe 6.2%?
The June trade is now about break-even. Expected after the recent ups and downs. It’ll continue to gain in time decay as we go forward this week. I would expect to see it at around 1-2% next week if we have only modest movements in the market.