CREDIT MARKETS

Treasuries:
Treasury prices declined Thursday, pushing yields up, even as the government received decent demand at its auction of 10-year notes, the final sale of the week. The Treasury Department sold $18 billion in 10-year notes at a yield of 2.950 percent, slightly higher than some traders anticipated. The auction was a reopening, meaning the debt for sale carries the same coupon and maturity as the original bonds, in this case issued in February. The government also reopened that 10-year issue in March. Bidders offered $2.49 for every dollar being sold, compared to an average of $2.39 at the last five sales. Indirect bidders took 23.7 percent of the auction, in line with the average of 23.8 percent at the last five 10-year reopening. Bonds were also under pressure as U.S. equities pointed higher, boosted as Wells Fargo & Co surprised Wall Street with better-than-expected results. Gains in stocks tend to detract from the appeal of the relative safety of Treasuries. The bond and the stock market are closed today in observance of Good Friday. Happy Easter!

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.