CREDIT MARKETS

Treasuries:
Treasuries rose for the first time in four days as lower-than-average demand at last week’s record- tying $118 billion note auctions pushed yields to levels that encourage buying. Two-year notes also advanced on speculation investors are seeking refuge in government securities after a reported sinking of a South Korean naval ship. Former Federal Reserve Chairman Alan Greenspan said in a Bloomberg Television interview that the recent increase in yields represents a “canary in the mine” reflecting investor concern over the U.S. budget deficit. The two-year yield dropped 3 basis points to 1.06 percent. Yields on 10-year notes decreased 2 basis points to 3.86 percent after rising yesterday to 3.92 percent, the highest level since June 11.
Economic Data: Personal Income, Consumer Confidence, ADP Employment, Jobless Claims, ISM Mfg Index, Nonfarm Payroll and Unemployment
Rate.

Commentary/New Issues

Corporate:
$250M PACIFIC G&E A3/BBB+ 5.80% 3/1/37 +115bp
$750M VOTORANTIM BAA3/BBB 6.75% 4/05/21 +302.6bp

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.