Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for SunTrust Banks, Inc. > News item |
Morning Commentary: High-grade primary action set for session; Libor yield highest since 2009
By Cristal Cody
Eureka Springs, Ark., Nov. 28 – Heavy primary action is slated for Monday’s session in the investment-grade bond market following the Thanksgiving Day holiday.
Issuers including Pacific Gas & Electric Co., DTE Energy Co., Northrop Grumman Corp., Xcel Energy Inc. and SunTrust Banks, Inc. are in the deal pipeline.
As previously reported, the deal calendar is expected to stay busy over the week with about $20 billion to $25 billion of volume forecast, according to market sources.
Primary activity is forecast to stay heavy until the Federal Reserve’s Dec. 13 to Dec. 14 policy meeting.
On Monday, the three-month Libor yield was up 1 basis point from Friday at 94 bps, which continues to be the highest yield since 2009, market sources report.
On Friday, the bond markets closed early following the Thanksgiving Day holiday on Thursday. The session saw $1.64 billion of bonds traded, according to Trace.
© 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.