As I mentioned in the month-end summary, bid/ask spreads have compressed slightly since Dec. 31. I posted a set of tables in the Reports section (click here) that shows the changes between Dec 31 and Jan 9. The BOS, CHI, DEN, and WDC contracts all have (on balance) higher bids while there are slightly lower offers in SDG and SFR. While some of the progress has been made in non-Nov cycle quotes (e.g. Q14 (Aug 2014) and K16 (May 2016) the front G14 contract shows tighter bid/ask spreads in 7 of the 11 contracts (vs. Dec 31). The CUS contract remains the tightest, with CHI, LAX and NYM having the tightest bid/ask spreads of the ten regional contracts.