Midday Commentary: Market sees positive tone; Carnival notes trade flat in secondary

By Aleesia Forni

Columbus, Ohio, Feb. 5 - The investment-grade secondary market saw a positive tone at Tuesday's open, one market source said.

Meanwhile, the 1.2% notes due 2016 from Carnival Corp. were trading flat on Tuesday, according to a trader.

The notes were quoted at 73 basis points bid, 65 bps offered at midday, unchanged from levels seen on Monday.

The notes were sold at 80 bps over Treasuries on Jan. 31.

Carnival is a Miami-based unit of London-based cruise operator Carnival plc.

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