Corporate bond spreads are wider today as that market responds to the turmoil in equities and emerging markets. TMT paper is out 2 to 3 basis points, bank and finance paper is out the same amount and industrials are wider by just one basis point.
Expectation for next week are for a pickup up in issuance but that will be contingent on how volatile the markets are. Continued volatility will dampen issuance. Participants think that the issuance as we go forward will be less dominated by financial names as they have done heavy lifting in January.