CREDIT MARKETS

Treasuries:
Treasuries rose, trimming a monthly loss, as a report showed inflation remains restrained and investors speculated recovery from the deepest slump since the Great Depression will be slow. Yields on 10-year notes fell as the Federal Reserve’s preferred price measure rose 1.3 percent last month from a year earlier, matching the 12-month gain in August that was the smallest since 2001. U.S. stocks dropped as personal spending fell in September for the first time in five months. The 10-year note yield fell 11 basis points, or 0.11 percentage points, to 3.39 percent. The Fed completed its $300 billion Treasury purchase program on Thursday, which it began in March as part of an effort to cap consumer borrowing costs. Treasury issuance will decline by 22 percent to $444.5 billion in the fourth quarter as the pace of U.S. borrowing slows from the height of the financial and economic crisis. Economic highlights for the week: pending home sales, factory orders, FOMC meeting, initial jobless claims, unemployment rate and nonfarm payroll.

Commentary/New Issues

Corporate:
$1.5B, Lukoil, 2-Part Baa2/BBB-; $900M, 6.375%, 11/5/14, +406bp; $600M, 7.25%, 11/5/19, +388bp

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.

Coupon: 5.327%

Maturity: 2/15/2040

Deal Size: $750,000,000

Rating: A1/A

Coupon: 5.375%

Maturity: 11/01/2039

Deal Size: $250,000,000

Rating: A2/A-

Shares: 6,250,000

$Amount: $103,125,000

Coupon: 3.75%

Maturity: 11/20/2016

Deal Size: $500,000,000

Rating: A2/A