CREDIT MARKETS

Treasuries:
Treasury prices remained firm yesterday following robust demand for U.S. government debt during a government auction to sell 2-year notes. The
Treasury Department sold $37 billion in 2-year notes at a record low yield of 0.498%. Yields on two-year notes, which tend to move along with
expectations for interest rates, fell 1 basis point to end at 0.47% after earlier falling to 0.45%, near a record low. The price of benchmark 10-year
Treasury notes rose, sending their yields 10 basis points lower to 2.49%. Yields on 30-year slumped 10 basis points to 3.56%.
Economic Data: MBA Mortgage Applications, New Home Sales, House Price Purchase Index QoQ, House Price Index MoM.

Commentary/New Issues

Corporate:
$750M AETNA 3.95%, 9/1/20, BAA1/A-, +160 bp
$350M YUM BRANDS 3.875%, 11/1/20, BAA3/BBB-, +140 bp

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.