Secondary market Corporate Bond trading yesterday

June 30th, 2015 6:05 am | by John Jansen |

Via Bloomberg:

IG CREDIT: Lowest Monday Session Since April; Spreads Widen
2015-06-30 09:51:26.289 GMT

By Robert Elson
(Bloomberg) — Secondary IG trading ended with a Trace
count of $10.8b vs $9.5b Friday, $11.8b the previous Monday. It
was the lowest volume Monday session since $9b April 6.

* 10-DMA $13.1b; 10-Monday moving avg $12.1b.
* 144a trading added $1.9b of IG volume vs $1.4b on Friday,
$1.8b last Monday
* Most active issues longer than 3 years:
* RAI 5.85% 2045 was 1st with 2-way client flows
accounting for 77% of volume, buying 3x selling
* BA 4.70% 2019 was next, client flows took 100% of volume
* GM 6.75% 2018 was 3rd, client flows at 89%
* HNZ 3.95% 2025 was most active 144a issue; client flows
accounted for 87% of volume
* Bloomberg US IG Corporate Bond Index OAS at 153.1 vs 148.3;
2015 high/low 147.3/129.6; 2014 high/low 144.7/102.3
* BofAML IG Master Index +146 vs +143; +129, the tight for
2015 was seen Mar. 6; 2014 range was +151, seen Dec 16;
+106, the low and tightest spread since July 2007 was seen
June 24
* Markit CDX.IG.24 5Y Index at 71.8 vs 67.5; 76.1, the wide
for 2014 was seen Dec 16; 55 was seen July 3, the low for
2014 and the lowest level since Oct 2007
* No IG issuance Monday
* Weekly Issuance Stats; Tenors, Ratings, Sectors
* Pipeline – IMTLN calls may end today; SYY added to list

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