CREDIT MARKETS

Treasuries:
Treasury prices declined yesterday, pushing long-term yields up from the lowest since at least April 2009 and reversing part of the prior session’s
gains, as stocks rallied and investors felt less need for the relative safety of U.S. debt. The fall in prices came alongside the Federal Reserve’s first
formal purchase of U.S. Treasury debt since last year, in which the central bank bought $2.551 billion in bonds. Yields on 2 -Year notes rose 1 basis
points to 0.5%. Yields on 10-year notes rose 6 basis points to 2.64%. Thirty-year bond yields rose 4 basis points to 3.76%, after having touched the
lowest level since April 2009 on Monday.
Economic Data: MBA Mortgage Applications

Commentary/New Issues

Corporate:
$750M ING Bank AA3/A+ 3.00%, 9/01/15, + 162.5bp
$1.5B BANK OF AMERICA A2/A/A 3.70%, 9/1/15, +230bp
$1.25B HSBC BANK USA A1/AA- 4.875%, 8/24/20, +225bp
$1.5B APACHE CORP A3/A- 5.10%, 9/1/40, +140bp

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.