Treasuries:
Treasury 10-year notes fell, pushing the yield to the highest level in almost two weeks, on concern the government may struggle to find buyers for $74 billion of securities this week at current rates. Demand for the safest assets decreased as France’s President Nicolas Sarkozy said the Euro region is ready to help Greece should the nation struggle to fund its budget deficit. Traders added to bets that the Federal Reserve will raise interest rates by September. The yield on the benchmark 10-year note climbed 3 basis points to 3.71 percent. It earlier reached 3.73 percent, the highest level since February 23. The 30-year bond yield increased 3 basis points to 4.68 percent. The difference in yield between 2- and 10-year notes fell as low as 2.71 percentage points on March 5 as rates on shorter maturities climbed faster than those on longer-term debt. The spread reached a record 2.94 percentage points on February 18. It was at 2.82 percentage points yesterday.

Commentary/New Issues

Corporate:
$750M BNP PARIBAS Aa2/AA 3.25% 3/11/15 +97bp
$612.5M CME GROUP Aa3/AA 4.40% 3/15/18 +130bp
$600M DCP MIDSTREAM Baa2/BBB 5.35% 3/15/20 +165bp
$500M SO CAL EDISON A1/A 5.50% 3/15/40 +90bp
$750M AMERIPRISE FINANCIAL A3/A 5.30% 3/15/20 162.5bp
$500M HASBRO Baa2/BBB 6.35% 3/15/40 +170bp

ABS:
Nothing

Agency:
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.

Treasuries:
Treasury two-year notes fell for a third day, the longest losing streak this year, as a report showing the economy shed fewer jobs in February than forecast bolstered speculation the recovery is accelerating. Ten-year yields climbed the most in two weeks as Labor Department data showed non-farm payrolls dropped by 36,000 last month, compared with the median forecast in a Bloomberg News survey for a decrease of 68,000. Traders saw higher odds the Federal Reserve will raise interest rates. Greece’s parliament gave final approval to the nation’s latest budget cuts. The two-year note yield increased four basis points to 0.89 percent. It touched 0.93 percent, the highest level since Feb. 19, and posted a weekly gain of eight basis points. Ten-year note yields advanced as much as 10 basis points, the most since Feb. 17, to touch 3.70 percent before trading at 3.68 percent. They gained seven basis points on the week. Economic news for the week: MBA Purchase Applications, Jobless Claims, Retail Sales, Consumer Sentiment.

Commentary/New Issues

Corporate:
$500M MASCO CORP Ba2/BBB 7.125% 3/15/20 +343bp

ABS:
Nothing

Agency:
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.

Treasuries:
Treasury two-year notes fell, pushing their yield to a one-week high, as traders speculated a U.S. report on payrolls today may show the economy lost fewer jobs than forecast. Two-year yields rose for a second day as investor concern eased about Greece’s ability to cut its budget deficit. Data showed U.S. productivity gained and jobless claims dropped. The Treasury said it will sell $74 billion in notes and bonds next week, and St. Louis Federal Reserve Bank President James Bullard said the Fed’s monetary stimulus is appropriate with the U.S. economy in the early period of a recovery. Two-year note yields increased five basis points to 0.85 percent. They touched 0.87 percent, the highest level since Feb. 25. The benchmark 10-year note yield fell two basis points to 3.60 percent, reversing an earlier increase. It reached 3.58 percent on Feb. 26, the lowest level since Feb. 9. The yield difference between 2- and 10-year notes touched 2.74 percentage points, the narrowest since Feb. 5. Economic news for tomorrow will focus on nonfarm payroll and the unemployment rate.

Commentary/New Issues
Corporate:
$600M BAXTER INT’L 2-PT A3/A+ $300M 1.80% 3/15/13 +50bp; $300M 4.25% 3/15/20 +70bp
$500M JOHNSON CONTROLS BAA2/BBB 5.00% 3/30/20 +145bp
$550M TECO FINANCE 2-PT BAA3/BBB- $250M 4.00% 3/15/16 +180bp; $300M 5.15% 3/15/20 +160bp

ABS:
Nothing

Agency:
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.

Treasuries:
Treasury notes dropped for the first time in five days as the Institute for Supply Management reported that service industries expanded in February more than economists forecast. The yield on the three-year security increased from the lowest level in three weeks before the government announces today the size of next week’s estimated $74 billion note and bond auctions. U.S. debt pared losses as the Federal Reserve said in its regional assessment that real estate and loan demand were weak and the pace of hiring was soft. The yield on the benchmark 10-year note increased 1 basis point to 3.62 percent. The three-year note’s yield rose 1 basis point to 1.32 percent from 1.31 percent, the lowest since Feb. 9. The five- year yield was little changed at 2.27 percent after earlier increasing 4 basis points. Consumer spending increased in many regions, the Fed said in its Beige Book business survey, published two weeks before the Federal Open Market Committee meets to set monetary policy. Economic news for tomorrow will focus on chain store sales, weekly jobless claims, pending home sales and factory orders.

Commentary/New Issues
Corporate:
$95M WESTERN MASS ELECTRIC Baa2/BBB 5.10% 3/1/20 +150bp
$325M PUGET SOUND ENERGY Baa1/A- 5.795% 3/15/40 +120bp
$350M SOUTHWESTRN ELECTRIC PWR Baa3/BBB 6.20% 3/15/20 +160bp
$500M JOHN DEERE CAPITAL A2/A 2.95% 3/9/15 +68bp
$2B TIME WARNER 2-PT Baa2/BBB $1.4B 4.875% 3/15/20 +130bp; $600M 6.20% 3/15/40 +162bp

ABS:
Nothing

Agency:
$5.5BLN FREDDIE MAC 1.625% 4/15/13 +31.5bp

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.

Treasuries:
Short-term Treasury prices rose on Tuesday, while longer-dated debt erased a small, earlier decline as investors waded through more news out of Greece. Longer-term Treasuries were under pressure earlier amid reports that further budget cuts will be forthcoming from Greece, easing fears about a new debt-driven meltdown and reducing the relative investment appeal of U.S. debt. Late in the session, U.S. stocks pared their gains and the U.S. dollar fell further as the euro turned positive. Yields on 2-year notes fell 2 basis points to 0.79, erasing a prior move higher. Yields on 10-year notes were little changed at 3.61. Greek bond prices improved, pushing yields down, as Athens is expected to announce more ways to reduce its deficit before bringing a much-needed bond deal to the market. All eyes are focused on the nonfarm payroll report on Friday, a loss of 50K jobs is expected for February.

Commentary/New Issues
Corporate:
$300M PSE&G A2/A- 5.50 % 3/1/40 +95bp
$1B KEXIM A2/A 4.125% 9/09/15 +195bp
$4BLN DEXIA CREDIT LOCAL Aa1/AA+ $1.75BLN 3/5/13 3ML+40bp; $2.250BLN 2.00% 3/5/13 +71.2bp
$2B REPUBLIC OF SOUTH AFRICA A3/BBB+ 5.50% 3/9/20 +197bp

ABS:
Nothing

Agency:
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.

Treasuries:
Treasury 10-year note yields were near the lowest level in almost three weeks as a drop in crude oil made government debt more attractive. Bonds were supported as a gauge of inflation watched by the Federal Reserve was steady in January. The difference between the rates on 2- and 10-year notes was little changed after four days of decreases on speculation last week’s flattening in the Treasury yield curve was too much for the market to sustain. The 10-year note yield fell 1 basis points, to 3.61 percent after touching 3.58 percent on Feb. 26, the lowest since Feb. 9. The 2-year note’s yield slid 1 basis point to 0.80 percent. The spread between 2- and 10-year note yields was 280 basis points after narrowing by 5.7 basis points last week, the most since the beginning of the year. The difference widened to a record level of 294 basis points on Feb. 18. Economic news for tomorrow will focus on auto sales.

Commentary/New Issues
Corporate:
$2B GOLDMAN SACHS A1/A 5.375% 3/15/20 +190bp
$500M US BANCORP Aa3/A+ 3.15% 3/04/15 +90bp
$1.5B REPUBLIC SERVICES 2-PT Baa3/BBB $850M 5.00% 3/1/20 +140bp; $650M 6.20% 3/1/40 +165bp

ABS:
Nothing

Agency:
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.

Treasuries:
Treasuries gained as concern that Greece’s credit ratings may be cut boosted a gauge of demand to a record at a $32 billion auction of seven-year securities. The number of bids was almost triple the amount of securities offered, for a bid-to-cover ratio of 2.98, the highest since the note was reintroduced in February 2009 after a 16-year hiatus. The notes drew a yield of 3.078 percent, compared with a forecast of 3.103 percent in a Bloomberg News survey of five of the Federal Reserve’s 18 primary dealers. The current seven-year note yield dropped seven basis points. The benchmark 10-year note’s rate fell five basis points to 3.63 percent after earlier touching 3.62 percent, the lowest level since Feb. 10. Government reports yesterday unexpectedly showed the number of Americans filing first-time jobless claims rose and orders for durable goods excluding transportation items fell. Fed Chairman Ben S. Bernanke said the economy is “still very weak.” Economic news for tomorrow will focus on: 2nd read on Q4 GDP, consumer sentiment and existing home sales.

Commentary/New Issues

Corporate
$1B RENTENBANK Aaa/AAA 2.25% 3/1/14 +95.3bp
$1.25B VTB BANK Baa1/BBB 6.465% 3/4/15 +412.3bp
$500M ENBRIDGE ENERGY Baa2/BBB 5.20% 3/15/20 +155bp

ABS:
Nothing

Agency:
$1B FANNIE MAE 2.625% 11/20/14

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 MarketsNew Issues larger than $250mm.

Treasuries:
The difference in yields on 2- and 10-year Treasury notes narrowed for a second day as Federal Reserve Chairman Ben S. Bernanke said interest rates will remain near zero and a note auction drew a higher-than-forecast yield. The $42 billion in five-year securities were priced to yield 2.395 percent, or 0.004 percentage point more than in trading just before the sale. Seven of the Fed’s 18 primary dealers that are required to bid on Treasury auctions forecast the yield would be 2.389 percent. The gap in 2- and 10-year yields decreased to 2.82 percentage points, after touching a record high of 2.94 percentage points on Feb. 18. Yields on longer-term bonds are more influenced by the size of the government’s debt and the outlook for inflation. The current five-year note yield rose two basis points to 2.36 percent. The 10-year note yield advanced one basis point to 3.69 percent. Economic news for tomorrow will focus on durable goods and initial jobless claims.

Commentary/New Issues

Corporate:
$2.4B Comcast Baa1/BBB+ 2 part $1.4B 5.15% 3/1/20 +147bp; $1B 6.40% 3/1/40 +180bp
$1.25B EIB AAA/AAA 1.125% 4/16/12 +28.4bp
$3B KFW AAA/AAA 2.625% 3/3/15 +40bp

ABS:
Nothing

Agency:
Nothing

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 MarketsNew Issues larger than $250mm.

Treasuries:
Treasuries climbed after a report showing a larger-than-forecast decline in consumer confidence bolstered demand at the government’s auction of a record-tying $44 billion in two-year notes. The securities drew a yield of 0.895 percent, compared with an average forecast of 0.912 percent in a Bloomberg News survey of five of the Federal Reserve’s 18 primary dealers. The sale comes a day before Federal Reserve Chairman Ben S. Bernanke will present his monetary policy outlook to Congress. The current two-year note yield fell five basis points to 0.84 percent. Yields on 10-year notes were at 3.69 percent after tumbling as much as 12 basis points, the most on an intraday basis since Feb. 4. The bid-to-cover ratio at today’s auction was 3.33, compared with the average at the last 10 sales of 3.03. Economic news for tomorrow will focus new home sales.

Commentary/New Issues

Corporate:
$1.25B NATL AUSTRALIA BANK AA1/AA 3.75 3/2/15 +140bp
$2.25B UNITED TECHNOLOGIES 2-PT A2/A/A+ $1.25B 4.50% 4/15/20 +87bp; $1B 5.70% 4/15/40 +109bp
$1.1B JPMORGAN AA3/A+ 2/26/13 3ML+65
$1B BANK OF IRELAND AA1/AA 2.75% 3/2/12 +204bp

ABS:
Nothing

Agency:
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.

Treasuries:
Treasury two-year notes rose for a second day as stocks fluctuated and Federal Reserve Bank of San Francisco President Janet Yellen said the U.S. economy will operate below potential this year and next. Yields on longer-term debt were little changed as the U.S. sold $8 billion in 30-year TIPS in the first auction of the maturity in more than eight years. The offering led off a record $126 billion of note and bond sales this week. The yield on the two-year note fell three basis points to 0.88 percent. The 30-year bond yield rose three basis points to 4.73 percent, while the 10-year note yield increased two basis points to 3.79 percent after touching 3.82 percent on Feb. 19, the highest level since Jan. 11. The difference in yields between 2- and 10-year notes was 2.92 percentage points, compared with a record high of 2.94 percentage points on Feb. 18. Economic news tomorrow will focus on consumer confidence.

Commentary/New Issues

Corporate:
$250M WYNDHAM WORLDWIDE Ba1/BBB- 7.375% 3/1/20 +357bp

ABS:
Nothing

Agency:
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.