Some Corporate Bond Stuff

November 29th, 2016 6:38 am | by John Jansen |

Via Bloomberg:

IG CREDIT: 3rd Highest Monday Volume on Record
2016-11-29 11:12:33.741 GMT

By Robert Elson
(Bloomberg) — Secondary IG trading ended with a Trace
count of $16.9b vs $1.6b Friday, $16.5b last Monday. It was the
3rd highest Monday session volume since record keeping began in
2005.

* 10-DMA $15.6b; 10-Monday moving avg $15b
* 144a trading added $2b of IG volume vs $177m Friday, $2.7b
last Monday

* Trace most active issues:
* 5 of the 6 top issues were 2017 maturities from GD, CAT,
DE, TRPCN
* MS 2.625% 2021 was 3rd with client buying 2.3x selling
* DELL 6.02% 2026 was the most active 144a issue; client
trades took 84% of volume

* Bloomberg Barclays US IG Corporate Bond Index OAS unchanged
at 130; 128, a new low for the year and the lowest level
since May 2015, was seen Nov. 15
* 2016 wide/tight: 215 (a new wide since Jan. 2012)/128
* 2015 wide/tight: 171/122
* 2014 wide/tight: 137/97
* All time wide/tight back to 1989: 555 (Dec. 2008)/54
(March 1997)

* Current markets vs early Monday:
* 2Y 1.111% vs 1.155%
* 10Y 2.330% vs 2.366%
* DOW futures +23 vs +44
* Oil $46.10 vs $47.45
* ¥en 112.53 vs 112.83

* IG issuance totaled $3.5b Monday
* November totals $69.3b; YTD $1.55T

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