CREDIT MARKETS

Treasuries:
Treasury prices jumped on Friday, pushing 2‐year yields to the lowest on record, after a report said the U.S. economy grew at a slower pace than 
analysts expected, heightening concerns that the economy may struggle to recover. Yields on 10‐year notes fell 9 basis points to 2.91%, the biggest
drop in six weeks. The benchmark yield fell to 2.85% on July 21, the lowest since April 2009. Yields on 2‐year notes fell 5 basis points to 0.55%. They
fell as low as 0.54% intraday, the lowest in history. Yields on 30‐year bonds fell 10 basis points to 3.98%. For the week, 10‐year yields have declined
from 2.99%, while 2‐year yields are down from 0.58% for a third weekly improvement. Treasuries of all maturities rose 0.17% in July, contributing 
to a 6.06% return this year. The monthly gains may not look like much, but they make Treasuries an outlier as stocks, commodities and the dollar 
have largely retraced the bulk of big swings since April. U.S. yields remain well off the 2010 highs touched in early April. Yields on 30‐year bonds 
Economic Data: Personal Income, Personal Spending, Factory Orders, Pending Home Sales, Initial Jobless Claims, Nonfarm Payroll and 
Unemployment Rate. 
 

Commentary/New Issues

Corporate:
$750M NOBLE GROUP 2-PT BAA3/BBB- $500M 4.875% 8/5/15 +330bp; $250M 6.625% 8/5/20 +375bp

Agency:
Nothing

ABS:
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.