Midday Commentary: Bond spreads widen overall; Hartford Financial notes slightly weaker

By Aleesia Forni

Virginia Beach, Va., April 17 - Bond spreads in the secondary market were generally wider at Wednesday's open, though one trader noted the market's pace continued to be "very slow."

The trader saw Hartford Financial Services Group Inc.'s recent deal trade 1 basis point wider on the session, quoting the 4.3% notes due 2043 at 142 bps bid, 137 bps offered.

Hartford sold the notes at a spread of Treasuries plus 145 bps on Monday.

Based in Hartford, Conn., the Hartford Financial Services Group is a financial services holding company and parent company for the Hartford Insurance Co.

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