CREDIT MARKETS

Treasuries:
Treasuries climbed, with 10-year notes gaining for the first time in four days, as China’s move to slow economic growth and data that showed Europe’s recovery almost stalled burnished the haven appeal of U.S. debt. Two-year note yields fell the most in a week as the People’s Bank of China said it will boost reserve requirements on banks 50 basis points on Feb. 25 and investors speculated European Union efforts to help Greece tackle its budget deficit may be insufficient. The yield on the 10-year note decreased three basis points, or 0.03 percentage point, to 3.69 percent. The price of the 3.625 percent security due in February 2020 rose 1/4, or $2.50 per $1,000 face amount, to 99 14/322. The notes still posted a weekly loss, with the yield up 12 basis points since Feb. 5. Two-year yields fell as much as six basis points, the most since Feb. 5, to 0.81 percent before trading at 0.83 percent. They increased six basis points on the week. Economic news for the week: housing starts, import prices, jobless claims, PPI and CPI.

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.