McDonald’s, Burlington Northern, Molson Coors, Nordstrom tap primary; credit spreads soften

By Cristal Cody

Tupelo, Miss., March 6 – Investment-grade bond issuance stayed strong over Monday’s session with new deals from companies that included McDonald’s Corp., Burlington Northern Santa Fe, LLC, Molson Coors Brewing Co., Enable Midstream Partners LP and Nordstrom, Inc.

Volume is expected to be heavy over the week with as much as $50 billion of supply forecast from corporate and SSA issuers.

The Markit CDX North American Investment Grade index eased about 1 basis point on Monday to close at a spread of 61 bps.

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