Secondary Market Corporate Bond Trading Yesterday

September 30th, 2014 6:36 am | by John Jansen |

Via Bloomberg:

IG CREDIT: Volume Higher, Spreads Wider; NIPLIF Plans Meetings
2014-09-30 09:37:13.380 GMT

By Robert Elson
Sept. 30 (Bloomberg) — The final Trace count for secondary
trading was $14b vs $12.5b Friday and $10.6b the previous
Monday. 10-DMA $13.5b; 10-DMA of only Friday sessions $9.2b.
* 144a trading added another $2.1b of IG volume
* BAC 2.65% 2019 topped the most active list with two-way
client flows accounting for 57% of volume
* BAC 4.20% 2024 was next with 2-way client flows at 64%
* ANZ 2.40% 2016 was most active 144a issue; dealer-to-dealer
trades accounted for 100% of volume
* BofAML IG Master Index at +119 vs +117; +106, the low for
2014 and the tightest spread since July 2007 was seen June
24; year’s wide +132
* Standard & Poor’s Global Fixed Income Research IG Index at
+153 vs +151; +140, a new 2014 low and new post-crisis low
was seen July 30; +164, the wide for 2014 was seen 4x in Feb
* Markit CDX.IG.22 5Y Index closed at 67 vs 64.4; 55 was seen
July 3, the low for 2014 and the lowest level since Oct
2007; 2014 high of 74.5 was seen Feb 3; 2013 range 97.6 to
62
* No IG issuance
* September’s IG total $157.36b, just short of Jan’s $157.9b;
YTD now $1.084t
* Nippon Life added to pipeline

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