CREDIT MARKETS

Treasuries:
Treasuries fell, pushing 10 year notes to their biggest weekly loss since June 2008, as investors prepared for the U.S. government to resume debt sales after a two-week hiatus. The yield has surged 32 basis points this week, the most since gaining 35 basis points to 4.26 percent in the period ended June 13 on concern about inflation. The treasury announced this week it will auction $40 billion in two-year notes on May 26th, $35 billion in five year notes on May 27th and $26 billion in seven-year notes on May 28. Weakness in the U.S. dollar has made U.S. assets less attractive to foreign investors. Treasury yields rose even as the Fed bought $18.277 billion of U.S. debt in three purchase operations this week and minutes of the central bank’s April 28-29 policy meeting showed some officials judged the policy makers may need to boost asset purchases to secure a stronger economic recovery, while all agreed to hold off on such a move. Happy Memorial Day !!

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 FINRA/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 New Issues larger than $250mm.