Some Corporate Bond Stuff

August 30th, 2016 6:28 am | by John Jansen |

Via Bloomberg:

IG CREDIT: Volume Higher on Client, Affiliate Trades
2016-08-30 09:50:17.758 GMT

By Robert Elson
(Bloomberg) — Secondary IG trading ended with a Trace
count of $14.5b Monday vs $9.4b Friday, $10.3b the previous
Monday. 10-DMA $13.6b.

* 144a trading added $1.4b of IG volume vs $1.1b Friday, $1.3b
last Monday

* The most active issues:
* MSFT 2.40% 2026 was 1st with client and affiliate flows
accounting for 55% of volume
* WFC 4.30% 2027 was next with client trades taking 100%
of volume; client selling 2.5x buying
* C 2.65% 2020 was 3rd with client and affiliate flows
taking 98% of volume; client buying twice selling
* Aviation Capital Group (PACLIF) 6.75% 2021 was most active
144a issue with client trades taking 94% of volume; client
buying 3:2 over selling

* Bloomberg Barclays US IG Corporate Bond Index OAS unchanged
at 135, a new low for 2016
* 2016 high/low: 215 (a new wide since Jan. 2012)/135
* 2015 high/low: 171/122
* 2014 high/low: 137/97
* All time high/low back to 1989: 555 (Dec. 2008) / 54
(March 1997)

* Current market levels vs early Monday, Friday:
* 2Y 0.825% vs 0.839% vs 0.780%
* 10Y 1.583% vs 1.611% vs 1.568%
* Dow futures +7 vs -14 vs +7
* Oil $47.35 vs $46.92 vs $47.16
* ¥en 102.32 vs 102.16 vs 100.42

* IG Bondwrap: Monday Volume Highest in Over 2 Weeks
* August volume $128.14b; YTD $1.15t

Be Sociable, Share!

Post a Comment