CREDIT MARKETS

Treasuries:
Treasury prices declined Monday, pushing yields up from near the lowest since May, as a lack of economic data and auctions on the schedule left traders eyeing equities and speculating on the strength of corporate earnings this week. Offsetting enthusiasm, officials at CIT Group, which specializes in lending to small and medium-sized businesses, were scrambling over the weekend to improve the group’s funding position and retained counsel to prepare for a possible reorganization in bankruptcy court, according to reports. For the Treasury market, Tuesday brings a retail sales report expected to show a gain of 0.5 percent in June, matching the prior month’s result. Also, the Federal Reserve will buy back U.S. debt in two operations this week. The curve worked its way steeper through the day in some corrective action with the 2-10 year spread heading out at 245. Benchmark U.S. stock indexes gained ahead of quarterly reports, including financial and technology heavyweights Goldman Sachs Group Inc. The Standard & Poor’s 500 Index rose 1.9 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 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.