If closing in:

  • 5-7 Days: I recommend LOCKING as rates have are extremely low and the benefit of FLOATING is nil.
  • 7-15 Days: I would consider FLOATING as there has been a further flight to quality this morning providing fuel for better rates
  • 15-30 Days: I recommend FLOATING as overall economic weakness supports long-term rate opportunities
  • 30 or more days: I recommend FLOATING

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