CREDIT MARKETS

Treasuries:
Treasury prices fell yesterday as global stocks surged on better‐than‐expected bank earnings and U.S. manufacturing data. Yields on 10‐year 
Treasury notes added 4 basis points to 2.95%.  the Institute for Supply Management said Monday that its factory index fell to 55.5% in July from 
56.2% in June, but the decline was not as steep as economists had predicted. Prices on longer‐dated Treasurys were pulling back to start the week 
after they jumped Friday on a report showing U.S. economic growth slowed in the second quarter. Yields on 30‐year Treasury bonds rose 6 basis 
points to 4.05%. In other economic news yesterday, Federal Reserve Chairman Ben Bernanke urged fiscally strapped U.S. states to boost their 
reserves to give their budgets more of a buffer. 
Economic Data: Personal Income, Personal Spending, Factory Orders, ABC Consumer Confidence, Total Vehicle Sales, Pending Home Sales.

Commentary/New Issues

Corporate:
$2.5B ARCELORMITTAL 3-PTBAA3/BBB $1B 3.75% 8/5/15 +230bp; $1B 5.25% 8/5/202 +248bp; $500M 7.00% 10/15/39 +255bp
$750M EXPEDIA BA1/BBB- 5.95% 8/15/20 +300bp
$550M NEWELL RUBBERMAID BAA3/BBB- 4.70% 8/15/20 +175bp
$1.5B IBM CORP A1/A+ 1.00% 8/5/13 +30bp
$2B CREDIT SUISSE AA1/A+ 4.375% 8/5/20 +145bp
$1B OMNICOM BAA1/A- 4.45% 8/15/20 +155bp

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.