CREDIT MARKETS

Treasuries:
Treasuries mostly rose Monday, sending yields lower, as concerns over possible bankruptcy at General Motors Corp. prompted investors to seek safety, but gains were capped after the Federal Reserve bought $2.5 billion of long-term debt, less than the market expected. Worries about GM and Chrysler grew as the White House said a structured bankruptcy plan for the two automakers could give them their “best chance at success.” U.S. securities headed for the first monthly advance this year as stocks slid on concern the recession will lead to further losses at financial institutions. The Standard & Poor’s 500 Index fell 3.5 percent, trimming its March rally to 7.1 percent.
Bank of America Corp. and Citigroup Inc. tumbled at least 8 percent as Treasury Secretary Timothy Geithner said some banks will need “large amounts” of assistance. President Obama is boosting government spending to revive economic growth, service deficits and cushing failures in the financial system. His administration is seeking congressional approval for a budget of $3.55 trillion for the fiscal year beginning in October. The highlight of the week is the nonfarm payroll report on Friday, economists are predicting that 659,000 jobs were loss in March and the unemployment rate will increase to 8.5 percent.

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.