CREDIT MARKETS

Treasuries:
Treasuries tumbled, driving 10-year note yields to the highest level in more than a month, as Federal Reserve minutes showed some policy makers pushed last month to start selling assets in the “near future.” Longer-maturity debt led the decline after the U.S. released better-than-forecast reports on production and housing starts. The so-called yield curve matched a record. The Treasury will announce tomorrow it will sell an estimated $126 billion in notes and bonds next week. The yield on the 10-year note climbed eight basis points, or 0.08 percentage point, to 3.74 percent. It touched 3.76 percent, the highest since Jan. 14. Two-year yields increased five basis points, the first gain since Feb. 10, to 0.85 percent. The gap between 2- and 10-year yields, the yield curve, touched 2.90 percentage points, tying the record set Jan. 11.
Economic news for tomorrow: Producer Price Index and Initial Jobless Claims.

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.