“Last week, the new issue calendar topped expectations and priced $31Bln. Spreads were mixed from 5Bps wider to 5Bps tighter on strong activity and secondary volume saw $1.7Bln of net client selling. This week’s estimates are calling for just $20-25Bln of new bonds as more deals are expected from the regional banks and corporate issuers as earning season is underway and companies exit blackout periods.”

Get your updates on the credit market each week with Talking Tuesdays from Stephen L Haas, Head of Credit Trading for AmeriVet Securities, Inc.