CREDIT MARKETS

Treasuries:
Treasury two-year notes fell for a third day, the longest losing streak this year, as a report showing the economy shed fewer jobs in February than forecast bolstered speculation the recovery is accelerating. Ten-year yields climbed the most in two weeks as Labor Department data showed non-farm payrolls dropped by 36,000 last month, compared with the median forecast in a Bloomberg News survey for a decrease of 68,000. Traders saw higher odds the Federal Reserve will raise interest rates. Greece’s parliament gave final approval to the nation’s latest budget cuts. The two-year note yield increased four basis points to 0.89 percent. It touched 0.93 percent, the highest level since Feb. 19, and posted a weekly gain of eight basis points. Ten-year note yields advanced as much as 10 basis points, the most since Feb. 17, to touch 3.70 percent before trading at 3.68 percent. They gained seven basis points on the week. Economic news for the week: MBA Purchase Applications, Jobless Claims, Retail Sales, Consumer Sentiment.

Commentary/New Issues

Corporate:
$500M MASCO CORP Ba2/BBB 7.125% 3/15/20 +343bp

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.