Midday Commentary: Secondary market trading better; Hartford Financial Services notes firm

By Aleesia Forni

Virginia Beach, Va., April 18 - Trading in the investment-grade secondary bond market was "a little better" early during Thursday's session, one market source commented at midday.

The Markit CDX Series North American Investment Grade index was 1 basis point tighter at a spread of 83 bps.

Meanwhile, the trader saw Hartford Financial Services Group Inc.'s recent deal trading 1 bp better compared to levels seen Wednesday.

The 4.3% notes due 2043 were quoted at 144 bps bid, 140 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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