Midday Commentary: Spreads wider overall as storm subdues market; AT&T notes tighter

By Aleesia Forni

Columbus, Ohio, Feb. 11 - Spreads in the investment-grade secondary market were moving slightly wider on Monday, a trader said early during the session, though trading activity was low.

"The storm probably has something to do with that," the New York-based source said, referring to the recent blizzard that hit the East Coast.

AT&T Inc.'s bonds were quoted 2 basis points tighter from Friday's levels at 52 bps bid, 47 bps offered.

The $1 billion tranche of 0.9% notes were sold at a spread of Treasuries plus 55 bps on Thursday.

The telecommunications company is based in Dallas.

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