Corporates

January 7th, 2009 11:51 am | by John Jansen |

Corporate bonds remain firm and in spite of the weakness in the equity market the IG 11 is still 4 basis points tighter on the day.

The new issue calendar is in a quiescent state currently with the only business on the docket is the pricing of the Budweiser deal. It is a three pronged offering on 5 year, 10 year and 30 year bonds. The total issuance is $5billion and the pricing is sometime today.

The high profile deal of yesterday was the GE 30 year which priced at T+ 400. It is currently 395/390.

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  1. 12 Responses to “Corporates”

  2. By EMGuy on Jan 7, 2009 | Reply

    what is the latest guidance on the bud offerings? thanks.

  3. By John Jansen on Jan 7, 2009 | Reply

    chronologically, +550, + 525 and +512.5

  4. By EMGuy on Jan 7, 2009 | Reply

    thanks john.

    i’m an unemployed buy side fixed income guy who uses your awesome blog to keep up with what’s going on. i just accepted a new gig in my hometown of stl. i was prepared for interviews & conversations, primarily, thanks to you.

    if you are ever in stl, i owe you an ‘inbud’ beer.

    thanks again.

  5. By Andrew on Jan 7, 2009 | Reply

    Mr. EMguy are you looking for coverage at your new gig?

  6. By John Jansen on Jan 7, 2009 | Reply

    can i broker a deal for u guys?

  7. By EMGuy on Jan 7, 2009 | Reply

    think we’re all set. thanks though.

  8. By Andrew on Jan 7, 2009 | Reply

    haha sure john

  9. By Andrew on Jan 7, 2009 | Reply

    emguy, not good coming from someone who was just unemployed, i would be looking for all the coverage/work possible!

  10. By Matt on Jan 7, 2009 | Reply

    EMGuy, if you dont mind, where in st. louis did you end up? I’m in STL working in a back office postition right now, but looking to get into the fixed income trading/ research when I’m finish with school.

  11. By EMGuy on Jan 7, 2009 | Reply

    matt – a private investment fund. check out nisa. jess yawitz is still mildly involved but really good. good luck to you.

  12. By BigD on Jan 7, 2009 | Reply

    EMGuy

    I know a couple of guys at NISA. Its a good shop. Good luck to you.

    Didn’t expect to see TWO other STL guys on here. John, when you look to expand outside of the Across the Curve world headquarters, maybe you should consider an office in the midwest :)

  13. By John Jansen on Jan 7, 2009 | Reply

    I actually covered NISA in several of my bond market incarnations and even reincarnations.

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