CREDIT MARKETS

Treasuries:
Treasuries fell, with two-year notes recording their first weekly loss since September, as Federal Reserve Chairman Bernanke said the bank is ready to tighten monetary policy once the economic outlook improves. Thirty-year bonds declined the most in four months after yesterday’s $12 billion auction of 30-year bonds, the last four offerings this week totaling $78 billion, drew weaker than average demand. The yield on the 30-year bond closed below 4 percent last week for the first time since April as reports showed manufacturing declined and inflation remains subdued. Since then the yield on the 30-year, rose to 4.22 percent on Friday’s close, the most since Aug 7th. The yield on the two-year note rose nine basis points, or 0.09 to .96 percent. The 10-year yield could fall as low as 3.1 percent as stalling economic improvements have outweighed auction supply.

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 offerings mentioned and therefore offerings will be subject to availability.
All statistical data is sourced from Bloomberg Financial Markets.