The following code is simple and straighforward, but when I do the replace statement, the last record in cursor is updated instead of the first, and the scan terminates. I've never seen this before. Any clues?

Scan
lcProject = Alltrim(Project)
If Seek(lcProject, "bond", "proj")
liBond = bond.ky
Replace bondky With liBond In curRedemptions
Endif
Endscan