CREDIT MARKETS

Treasuries:
Treasury prices rallied last week, as investors moved capital into defensive investments in the wake of disappointing U.S. payrolls data as well as fears about Hungary’s economy—the latest European country whose fiscal and debt status has been called into question. Yields on benchmark 10-year Treasury notes slumped 15 basis points to 3.22%, while yields on 30-year bonds fell 12 basis points to 4.16%. Yields on two-year notes also dropped, down 9 basis points to 0.73%. The euro touched a four-year low against the greenback and hit an all-time low against the Swiss franc, as investors moved into less-risky Treasurys, U.S. currency and gold. Gold futures were trading higher on the New York Mercantile Exchange. The dollar index which tracks the U.S. unit against a basket of six major currencies, rose to 87.97 from 87.22 late Thursday.
Economic Data: ABC Consumer Confidence, MBA Mortgagee Applications, Initial Jobless Claims, Continuing Claims, Advance Retail Sales and U of Michigan Confidence.

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.

CREDIT MARKETS

Treasuries:
Treasuries erased gains after the U.S. sold $11 billion of five-year inflation-protected debt and traders prepared for a record-tying $118 billion in note auctions over the next four days. The Treasury Inflation Protected Securities, or TIPS, drew a yield of 0.55 percent, compared with a forecast of 0.523 percent in a Bloomberg News survey of eight of the Federal Reserve’s 18 primary dealers. Treasuries gained earlier on concern Germany may refuse to guarantee an early release of bailout funds to Greece, stoking demand for the safety of U.S. government debt. The yield on the benchmark 10-year note was little changed at 3.81 percent and dropped as low as 3.78 percent. This week’s auctions will include $44 billion in two-year notes tomorrow, $42 billion of five-year securities on April 28 and $32 billion in seven-year debt on the following day. Economic Data: Consumer Confidence

Commentary/New Issues

Corporate:
$300M ADVANCED AUTO PARTS BA1/BBB- 5.75% 5/1/20 +200bp
$500M BB&T A1/A/A+ 3.95% 4/29/16 +140bp
$500M US BANCORP AA2/A+ 3.778% 4/29/20 +120bp
$500M HANA BANK A1/A- 4.50% 10/30/15 +197bp

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.

Warrants: 121,792,790

$ Amount: $310,571,615

Coupon: 5.375%

Maturity: 3/15/2020

Deal Size: $2,000,000,000

Rating: A1/A

Warrants: 150,375,940

$ Amount: $1,255,639,099

Coupon: 8.50%

Maturity: 3/30/40

Shares: 20,000,000

Total $ Amounts: $2,000,000,000

Coupon: 8.125%

Maturity: 1/15/20

Deal Size: $750,000,000

Shares: 88,401,697

$ Amount: $950,318,243

Shares: 12,657,960

$ Amount: $148,731,030

Shares: 3,199,988

$ Amount: $9,599,964