CREDIT MARKETS

Treasuries:
Treasury two-year notes advanced, pushing the yield to its lowest level in 11 months, after Dubai’s proposal to delay debt payments sparked a global slide in stocks and higher-yielding assets. Two- and 10-year Treasury yield fell the most this month after the yen strengthened earlier to a 14-year high vs. the dollar, boosting speculation the Bank of Japan will intervene in the currency markets. The yield on the benchmark 2-year note fell five basis points to 0.68 percent. The 10-year securities fell ten basis points, to 3.21 percent. Demand for Treasuries was strong at sales of 2-, 5-, and 7-year debt this week as Fed policy makers indicated the benchmark lending rate would remain near zero. Dubai World, the government investment company burdened by $59 billion of liabilities will ask all creditors for a standstill agreement as it negotiates to extend debt maturities.
Economic news: Pending Home Sales, Construction Spending, Initial Jobless Claims and Unemployment Rate.

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.