CREDIT MARKETS

Treasuries:
Treasury 10-year notes fell, pushing the yield to almost the highest level since June, as rising stocks and an increase in U.S. consumer spending reduced demand for relative safety. Riskier assets got a boost as Greece, the European Union’s most indebted member, sold 5 billion euros ($6.7 billion) of seven-year bonds after European leaders agreed last week on an aid plan for the debt-stricken nation. Longer-term U.S. debt dropped before this week’s payrolls report, which is forecast to show employers added the most jobs in three years. The yield on the U.S. 10-year note rose 3 basis points to 3.86 percent. Ten-year yields climbed to 3.92 percent on March 25, the highest level since June 11, after lower-than-average demand at last week’s record-tying $118 billion note auctions raised concern that investor interest is waning as the government borrows record amounts to sustain the economic recovery. Economic Data: S&P Case-Shiller HPI, Consumer Confidence

Commentary/New Issues

Corporate:
$300M PACCAR FINANCIAL A1/AA- 4/05/13 1ML+45
$550M PSEG POWER 2-PT BAA1/BBB $300M 2.50% 4/15/13 +90bp; $250M 5.125% 4/15/20 +130bp

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.