Midday Commentary: Light trading volumes continue; secondary market tone 'mixed'

By Aleesia Forni

Columbus, Ohio, Nov. 1 - Light trading volumes in the investment-grade secondary bond market continued on Thursday, a market source said.

The trader added that the market's tone had been "mixed" so far at midday.

In recent deals, C.R. Bard, Inc.'s issue of notes due 2018 was 7 basis points tighter on Thursday.

The notes were seen trading at 53 bps bid, 48 bps offered during the session.

The company priced the $500 million of 1.375% senior notes at a spread of 60 bps over Treasuries on Oct. 25.

C.R. Bard is a Murray Hill, N.J.-based maker of medical devices.

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