CREDIT MARKETS

Treasuries:
Treasuries rose after Federal Reserve Bank of Kansas City President Thomas Hoenig said the U.S. must take steps to reduce spending and increase revenue so the central bank isn’t pressured to fund the deficit. Yields climbed earlier as global stocks gained and demand for Treasuries as a refuge eased after a Greek official said the nation is ahead of its deficit-reduction targets and will not require any bailout from the European Union. The difference in yield between 2- and 10-year notes widened to as much as 2.89 percentage points, 1 basis point less than the record high reached Jan. 11. The yield on the 10-year note fell three basis points, or 0.03 percentage point, to 3.66 percent. The Standard & Poor’s 500 Index increased 1.8 percent. Economic news for tomorrow: industrial production, import prices, housing starts and Fed minutes.

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.