CREDIT MARKETS

Treasuries:
Treasuries were little changed before JP Morgan Chase reports earnings that may add to evidence the financial industry is recovering and a government report predicted to show retail sales fell. The yield on the 10-year note stayed within 2 basis points of the highest level in almost three weeks. The 10-year note yield climbed to 3.37 percent at the close of trading. According to survey’s the ten-year note will rise to 4 percent by year-end. The 30-year note was relatively unchanged rising to 4.21 percent. The US economy grew 2.3 percent in the third quarter, snapping a yearlong contraction. A report from the US Commerce Department is forecast to show that retail sales in the US dropped 2.1 percent last month, the most this year, after rising 2.7 percent in August.

Commentary/New Issues

Corporate:
$1.25B, Deere & Co, 2-Part: $750MM, 4.375%, 10/16/19, A2/A, +110bp; $500MM, 5.375%, 10/16/29, A2/A, +115bp
$5.5B, Anheuser Busch, 4-Part: $1.5B, 3.00%, 10/15/12, BAA2/BBB+, +160bp; $1.25B, 4.125%, 1/15/15, +185bp; $2.25B, 5.375%, 1/15/20, +210bp; $500M, 6.375%,
1/15/40, +220bp
$500MM, NY Life Global Funding, 2.25%, 12/14/12, AAA/AAA, +93bp

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.