CREDIT MARKETS

Treasuries:
Treasury prices traded little changed yesterday with investors largely sidelined ahead of the meeting of the Federal Reserve’s policy‐setting 
committee and any new statements on the outlook or measures to aid the economy that may emerge from it. Yields on 5‐year bonds rose 3 basis 
points to 1.53% as yields on 10‐year notes held flat at last check, at 2.83%. Yields on 2‐year notes added 3 basis points to 0.54%, a reversal after 
having touched a record low last week. An absence of significant economic data yesterday is expected to amplify the influence that other financial 
markets, including stocks, have on government debt. The Treasury Department will auction $34 billion in 3‐year notes today, $1 billion less than 
last month. It will also sell $24 billion in 10‐year notes tomorrow and $16 billion in 30‐year bonds on Thursday. Economic Data: Nonfarm 
Productivity, Unit Labor Costs, ABC Consumer Confidence.

Commentary/New Issues

Corporate:
$1B TOYOTA MOTOR AA2/AA 1.375% 8/12/13 +62bp
$900M SIMON PROPERTY A3/A- 4.375% 3/1/21 +160bp
$1B WELLPOINT 2-PT BAA1/A- $700M 4.35% 8/15/20 +155bp; $300M 5.80% 8/15/40 +187.5bp

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.