Corporate Bonds

May 29th, 2008 10:52 am | by John Jansen |

Corporate bonds are unchanged in cash trading today. But that understates the true story as very little is trading and bid/offer spreads are wider today.The new issue machine is cranked up and there are several deals in the market and several from yesterday which are undergoing the absorption and digestion process. Cox Communications is in the market today with a mega bench mark transaction in the 10 year and 30 year sectors. El Paso is in for 30 year money. The International paper deal which was announced yesterday will price today.

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