Tuesday, December 6th, 2016

Corporate Bond Market

US Equity Futures are fairly flat to start the session with the DJ Futures +7 and the S&P Futures +2. The global tone is mixed with overseas equities trading mostly higher in Europe and mixed in Asia. Oil is down to $51.10/ barrel and rates are weaker with the 10yr Treasury last at 2.396%. Credit is firm with the Invest Grade Index showing 63.3/64.2 and cash is also tighter.

In credit news, Monday’s primary market saw $6.325bn priced in Investment Grade Credit and $3.25bn priced in High Yield. From yesterday’s issuance, we are active in: Ford, Delmarva, DPS, NNN, and KeyBanc. There are new deals from: Chesapeake, Pemex, Mattamy, and Parsley on the calendar for today’s business.

In economic data, there are a few announcements scheduled for today. First, October’s Trade Balance will be announced followedby Factory Orders US Durable Goods.