PIPELINE: Corporate Bond Roundup: $45.7B Total Priced on Week
Jul-11 17:15
* 07/11 No new US$ Corporate bond issuance Friday, $45.7B total on the week * Date $MM Issuer (Price...
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PIPELINE: Corporate Bond Update: $1.2B Citadel Securities 2Pt Launched
Jun-11 17:13
- Date $MM Issuer (Priced *, Launch #)
- 06/11 $4.2B #Brown & Brown 6pt: $400M 1.5Y +65, $500M 3Y +80, $800M 5Y +92, $500M 7Y +107, $1B 10Y +117, $1B 30Y +135
- 06/11 $1.2B #Citadel Securities $700M 5Y +155, $500M 10Y +180
- 06/11 $700M Unisys 5.5NC2.5 roadshow
- Expected Thursday:
- 06/12 $Benchmark Export Development Canada (EDC) 5Y SOFR+45a
US TSYS/SUPPLY: Review 10Y Auction
Jun-11 17:05
- Treasury futures add slightly to gains (TYU5 +13.5 at 110-20, 4.4203% yld) after the $39B 10Y note auction re-open (91282CNC1) stops .9bp through: drawing 4.421% high yield vs. 4.430% WI; 2.52x bid-to-cover vs. 2.60x prior.
- Peripheral stats: indirect take-up retreats to 70.56% vs. 71.19% prior; direct bidder take-up at 20.48% from 19.88% prior; primary dealer take-up 8.96% vs. 8.93% prior.
- The next 10Y auction (re-open) is tentatively scheduled for July 9.
FED: US TSY 9Y-11M NOTE AUCTION: HIGH YLD 4.421%; ALLOTMENT 30.58%
Jun-11 17:02
- US TSY 9Y-11M NOTE AUCTION: HIGH YLD 4.421%; ALLOTMENT 30.58%
- US TSY 9Y-11M NOTE AUCTION: DEALERS TAKE 8.96% OF COMPETITIVES
- US TSY 9Y-11M NOTE AUCTION: DIRECTS TAKE 20.48% OF COMPETITIVES
- US TSY 9Y-11M NOTE AUCTION: INDIRECTS TAKE 70.56% OF COMPETITIVES
- US TSY 9Y-11M AUCTION: BID/CVR 2.52
