“The new issue calendar priced $26 billion last week falling shy of estimates of $30 billion. Financial spreads in secondary paper were 5-20 basis points tighter on solid volume and we saw over $4.7 billion of net client selling lead by Financials, Health Care and Technology with Materials and Industrials seeing light net client buying.”

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