| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Mitsubishi UFJ Financial Group, Inc. > News item |
Primary ends on quiet note; Goldman Sachs, MUFG firm; Citi stable; credit spreads strong
By Aleesia Forni and Cristal Cody
New York, March 11 – The high-grade primary space was empty of any new deals on Friday, capping off a week that saw more than $32 billion of issuance.
This figure comes on the heels of the prior week’s $52 billion of new issuance and marks the fourth-straight week that the high-grade’s supply has topped $30 billion.
Also this week, Lipper US Fund Flows reported $2.1 billion of inflows into corporate investment-grade bond funds for the week ended March 9.
With the Federal Reserve’s two-day policy meeting during the week ahead, sources are calling for a slight slowdown in primary activity.
Around $20 billion to $25 billion of issuance is predicted to enter the market.
“Probably not quite as big, but it will still definitely be busy,” one market source said.
Secondary market activity was light over the day with bonds trading mostly flat to tighter and credit spreads continuing to come in.
“Not much activity,” a trader said. “It was quiet for me.”
Goldman Sachs Group Inc.’s 3.75% senior notes due 2026 firmed 5 basis points in the secondary market.
Mitsubishi UFJ Financial Group, Inc.’s 3.85% senior notes due 2026 traded 5 bps better over the day.
Citigroup Inc.’s 3.7% subordinated notes due 2026 headed out flat.
Credit spreads have tightened more than 10 bps since the start of the week.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.