Midday Commentary: DCP Midstream Operating bonds trade wider in secondary market

By Aleesia Forni

Columbus, Ohio, Nov. 20 - DCP Midstream Operating, LP's notes were trading weaker early during Tuesday's session, one trader said.

The company's 2.5% five-year notes were quoted 13 basis points wider at midday, trading at 198 bps bid, 194 bps offered.

DCP priced the $500 million guaranteed senior notes to yield Treasuries plus 185 bps on Monday.

The unit of DCP Midstream LLC is a Denver-based joint venture between Spectra Energy and ConocoPhillips.

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