Wall Street, ny
August 2010

CREDIT MARKETS

Treasuries:
Treasury prices rose yesterday, pushing down yields on 2‐year notes to an all‐time low, as investors around the world sought U.S. debt in response 
to the Federal Reserve’s new asset plan and its dourer outlook for the world’s largest economy. The demand for Treasury debt stayed strong at the 
government’s 10‐year note auction, which came at the lowest yield since January 2009. Yields on 2‐year notes remained steady at  0.52%, after 
touching 0.48% earlier in the session. Yields on 10‐year notes declined 6 basis points to 2.69%, probing further down to a level not seen since April 
2009. Bonds posted solid gains as other markets indicated a downshift in investors’ appetite for risky assets, like stocks, and increased interest in 
sectors deemed safer, including the U.S dollar. Late yesterday, voting members of the Federal Open Market Committee ended their monetary‐
policy meeting by saying the Fed will reinvest proceeds from maturing mortgage debt back into the Treasurys market. 
Economic Data: Initial Jobless Claims, Continuing Claims.

8-12-10

Commentary/New Issues

Corporate:
Nothing

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.