“The New Issue calendar saw weekly estimates topped and came in at $34 billion. Issuers rushed into the market in the first 2 weeks of the month, but last week barely topped expectations. Spreads were unchanged-to-5 basis points wider on solid activity and secondary volume saw $1.7 billion of net client selling on the week.  This week estimates are calling for $15-$20 billion with a potential Fed rate hike on Wednesday.”

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