Midday Commentary: Liberty Mutual Group's notes trade better amid volatile market

By Aleesia Forni

Virginia Beach, Va., June 14 - Liberty Mutual Group Inc.'s upsized $600 million of 4.25% 10-year senior notes traded better on Friday, closing a volatile week for the high-grade bond market.

The notes traded at 212 bps bid, 209 bps offered early during Friday's session, according to a trader.

Liberty Mutual sold the notes on Thursday at Treasuries plus 215 bps.

The property and casualty insurance company is based in Boston.

In other market action, the Markit CDX North American Investment Grade index tightened 2 bps to 85 bps on Friday.

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