Welcome to Talking Tuesdays. The new Issue calendar last week priced $45.9Bln topping expectations of $30-35Bln. Financial spreads in secondary paper were unchanged to 10Bps wider on light volume.

We saw $2.8Bln of net client selling led by Financials, Health Care and Communications with Materials, Consumer Discretionary and Technology seeing net client buying. Estimate are calling for $20-25Bln of new supply.

Great job by the Amerivet Securities team last week as we were a Co-Manager on $2.2Bln 3NC2 tranche for Citibank and $750mm 11NC10 deal for Bank of NY.