Spread Product: Boring

May 30th, 2008 10:27 am | by John Jansen |

I just spoke with a friend who is one of my usually reliable sources. He spends his life hawking corporate bonds to the unsuspecting. He just lamented that it is extremely quiet today. Spreads are unchanged in corporates, agencies and swaps.Separately, today brings to a close the busiest month in the history of the investment grade corporate bond market. According to Bob Elson of Market News International, over $155 billion of new issues priced in May.

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  1. 2 Responses to “Spread Product: Boring”

  2. By Dan on May 30, 2008 | Reply

    I can look this up, but if you have the number off the top of your hand I would be interested to know what percentage of that $155 was financial companies.

    Thanks!

  3. By John Jansen on May 30, 2008 | Reply

    I just returned to the Across the Curve nerve center and unfortunately i do not have that calculation.

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