“The New Issue calendar priced $28Bln last week in line with expectations of $25-30Bln. Financial spreads were unchanged to 10 basis points tighter.  Last week saw very balanced net client buying & selling.  Net client selling was seen in the 12-30yr and 1-3yr maturities while 3-7yr & 7-12yr paper saw net client buying.  Estimates for this week are calling for $25-30Bln as we expect the week to be front loaded in front of the Memorial Day weekend. Here at Amerivet Securities we say Thank You to all that serve in the military and those that paid the ultimate price for the freedom that we all enjoy, Have a great Memorial Day weekend.”

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