CREDIT MARKETS

Treasuries:
Treasury 30-year bond yields touched a four-week high as a record-tying $16 billion auction of the securities attracted lower-than-average demand and European leaders said they reached an accord on Greece’s debt crisis. Treasuries due in seven or more years fell after the sale of 30-year securities drew a yield of 4.720 percent, compared with an average forecast of 4.687 percent. The bid-to-cover ratio, which gauges demand by comparing total bids with the amount of securities offered, was 2.36, versus 2.68 at the last sale and an average of 2.48 at the past 10 offerings. The current 30-year bond yield rose four basis points, or 0.04 percentage point, to 4.68 percent. It touched 4.71 percent, the highest level since Jan. 14. The price of the 4.375 percent security due in November 2039 dropped 18/32, or $5.63 per $1,000 face amount, to 95 6/32. The 10-year note yield increased three basis points to 3.72 percent. Two-year yields fell one basis point to 0.87 percent. Economic News for today: Business Inventories and Advance Retail Sales.

Commentary/New Issues

Corporate:
$1.5BLN LIFE TECHNOLOGIES 3-PT BA1/BBB- $250MM 3.375%, 3/1/13 +200bp; $500MM 4.400%, 3/1/15 +205bp; $750MM 6.000%, 3/1/20 +232bp

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.