Midday Commentary: Search for Boston Marathon bombing suspect takes focus; Goldman up

By Stephanie N. Rotondo

Phoenix, April 19 - A preferred stock trader said it was slow going Friday as "everyone is focused on this manhunt" for a suspect in the Boston Marathon explosions.

No new deals were announced, but more were expected in the coming week.

"We're probably going to see quite a few deals next week," a trader said. Though he had no specific names, he opined that many would be financials.

Goldman Sachs Group Inc.'s $1 billion of 5.5% series J fixed-to-floating rate noncumulative preferreds were "trading up quite a bit," according to the trader. He quoted the issue at $25.45 bid, $25.50 offered.

At midday on Thursday, the issue was pegged at $25.05 in the gray market.

The deal priced and freed up on Thursday.

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