CREDIT MARKETS

Treasuries:
Treasury prices dropped on Friday, pushing long-term yields up by the most since June, after Federal Reserve Chairman Ben Bernanke said the central bank has set no triggers for further monetary-policy easing and he sees continued economic growth. Yields on 10-year notes rose 17 basis points to 2.65%, the biggest increase since June. Yields on 2-year notes rose 4 basis points to 0.56%. 30-year bonds yields increased 17 basis points to 3.69%, also the biggest rise since June.
Economic Data: Personal Income, Personal Spending, S&P/CaseShiller Home Price Ind, Consumer Confidence, MBA Mortgage Applications, Initial Jobless Claims, Continuing Claims, Pending Home Sales.

Commentary/New Issues

Corporate:
$1B EBRD 1.625%, 9/3/15, AAA/AAA, +21.2 bp

Agency:
$5B FANNIE MAE 0.625%, 9/24/12, +18 bp

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.