MI NASAAC stocks analysis: Cancellations re-accelerate

Tuesday brought no more warranting action at Chicago—which has received 4,520t since the start of the month—with activity shifting towards the “out” side. The draws came from Baltimore but were eclipsed by 400t of fresh cancellations—split between 380t at the same east coast location and 20t at Chicago. That’s reinvigorated a somewhat tired-looking cancelled pipeline and should underpin steady daily draw rates in the days ahead.