Midday Commentary: Entergy notes flat; Analog Devices notes weaken in trading

By Aleesia Forni

Virginia Beach, Va., May 24 - Wednesday's deals from Entergy Arkansas, Inc. and Analog Devices Inc. traded flat and wider respectively on Friday, one trader said, as the session is expected to be empty of new issuance.

Entergy Arkansas recent $250 million 3.05% 10-year first mortgage bonds was quoted unchanged at 97 bps bid, 92 bps offered following Wednesday's sale at a spread of Treasuries plus 105 bps.

The utility company is based in Little Rock, Ark.

Meanwhile, Analog Devices' $500 million sale of 2.875% 10-year senior notes traded 2 bps wider at 94 bps bid, 90 bps offered.

The notes priced at Treasuries plus 90 bps on Wednesday.

The maker of circuits for electronic equipment is based in Norwood, Mass.

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