CREDIT MARKETS

Treasuries:
The difference in yield between 2- and 10-year Treasury notes was the narrowest since January as reports last week showed consumer prices were unchanged last month and producer prices dropped more than forecast. Two-year securities recorded a third consecutive weekly drop in the longest stretch of decreases since August before record-tying $118 billion sales this week of twos, fives and sevens.The Federal Reserve reiterated on March 16 it would keep borrowing costs low for an “extended” period and stop buying mortgage-backed securities this month. The yield on the 10-year note rose 1 basis point to 3.69 percent. The spread between 2- and 10-year yields was 2.70 percentage points, the lowest level on a closing basis since Jan. 1. The 10-year yield posted a weekly drop of 1 basis point. Yields on 2-year notes increased 3 basis points Friday to 0.99 percent, extending their weekly gain to 4 basis points. U.S. consumer prices were unchanged last month, the first time prices had failed to increase since March 2009.
Economic Data: Existing Home Sales, Durable Goods, Jobless Claims, GDP, Consumer Sentiment

Commentary/New Issues

Corporate:
$750M GOLDMAN SACHS REOPENING A1/A/A+ 5.385% 3/15/20 +175bp

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.