CREDIT MARKETS

Treasuries:
Treasuries declined Friday, pushing yields up, as traders watched Congress’ progress toward passage of the $789 billion stimulus package.  Expectations of more spending by the government to encourage economic growth and curb declines in the housing market raise concerns that even more debt will have to be sold, which would reduce the value of existing Treasuries. The market already expects to absorb more than $2 trillion in Treasuries this fiscal year. Traders were also focused on a program under consideration by the Obama administration to subsidize mortgage payments for troubled homeowners, subject to an affordability test. The University of Michigan index fell in February to one of the weakest reading on record, the index fell to 56.2 from 61.2 in January.  The markets were closed on Monday in observance of the Presidents Day holiday.
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Commentary/New Issues

Corporate:
Nothing

ABS:
Nothing

Agency:
Nothing

New Issues larger than $250mm. The fixed income offerings mentioned above are for informational purposes only. Toussaint Capital Partners, LLC, member NASD/SIPC, and/or its affiliates may be a participant in the offering mentioned and therefore offerings will be subject to availability.

All statistical data is sourced from Bloomberg Financial Markets