“The new issue calendar met expectations and priced $19Bln last week. Spreads were mixed from 2Bps wider to 7Bps tighter on strong activity and secondary volume saw $325mm of net client buying. Gains in stocks and Treasuries on Friday helped to close the week on a positive note following employment data, ISM data, and traders are now betting on a September rate cut.”

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