Corporates Ad Nauseam

January 29th, 2009 12:58 pm | by John Jansen |

Secondary corporate bond spreads are unchanged by the supply tsunami. One salesman noted early weakness which has since been erased. He thought that secondary industrial paper is actually a tad tighter. The secondary market is quiet as investors focus on the issuance.Conoco Pete prices talk is 270 in the 5 year and 300 in 10s and 30s. That is 40 basis points to 45 basis points cheap to outstanding paper.I had not mentioned this before but utility Dominion is offering $1.6 billion in new debt, too. I have no details on pricing or tranches. 

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  1. One Response to “Corporates Ad Nauseam”

  2. By Doug P on Jan 29, 2009 | Reply

    Looking forward to your end-of-day comments John. There’s a waterfall going on in Treasury prices right now.

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