Corporate Bond Market
US Equity Futures are down to start the day with the DJ Futures -7 and the S&P Futures -4.75. Overseas equities are mixed through the overnight. Oil is up to 52.66/ barrel and rates are weaker with the 10yr Treasury last at 2.5%. Credit is stronger with the Invest Grade Index showing 52.65/53.18 and cash is wider.
In credit news, yesterday’s primary market saw $4.9bn priced in Investment Grade Credit from 6 issuers bringing the weekly total to $57.075bn. From yesterday’s issuance, we are active in: Physicians Realty, Navient, JPM, and Goodyear Tire. There are new deals announced from: CyrusOne, IAMGOLD, and Morgan Stanley.