CREDIT MARKETS

Treasuries:
Treasury prices rose yesterday, pushing yields on 2‐year notes to a record low, after a published report said that the Federal Reserve may buy more
debt. The Fed may consider a modest change in how it manages its massive portfolio by using receipts from maturing mortgage debt or Treasury 
bonds to purchase more debt. Two‐year note yields fell 2 basis points to 0.53%, after touching a new record low of about 0.51% earlier. Yields on 
10‐year notes declined 4 basis points to 2.91%, near the lowest level since April 2009. Treasury prices stayed higher after the Commerce 
Department said consumer spending and incomes were unchanged in June, while economists had expected some increases. Treasury prices held 
onto gains after a pair of reports showed an index of U.S. pending sales of homes fell 2.6% in June and factory orders declined. 
Economic Data:  MBA Mortgage Applications, ADP Employment Change.

Commentary/New Issues

Corporate:
$3B METLIFE 4-PT A3/A- $250M 3ML+125 8/6/13 3ML+125bp; $1B 2.375% 2/6/14 +162.5bp; $1B 4.75 2/8/21 +185bp; $750M 5.875% 2/6/41 +195bp
$500M MACQUARIE GROUP A2/A 4.875% 8/10/17 +262.5bp
$1B ANZ NATIONAL (LONDON) AA2/AA 3.125% 8/10/15 +160bp
$750M TECK RESOURCES 2-PT BAA3/BBB $300M 3.85% 8/15/17 +160bp; $450M 6.00% 8/15/40 +198bp
$700M CORNING 2-PT BAA1/BBB+ $300M 4.25% 8/15/20 +145bp; $400M 5.75% 8/15/40 +175bp
$250M PUBLIC SERVICE E&G A2/A- 3.50% 8/15/20 +62bp

Agency:
$1B FANNIE MAE 2.375% 7/28/15

ABS:
Nothing

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 New Issues larger than $250mm.