Midday Commentary: Secondary spreads widen ahead of holiday weekend; Citi notes better

By Aleesia Forni

Columbus, Ohio, Feb. 15 - The investment-grade secondary market saw spreads slightly wider early Friday, a market source said.

The source quoted Citigroup Inc.'s recent bonds 6 basis points tighter as market participants prepare to head into an extended holiday weekend.

The bank's $1.5 billion of 3.375% 10-year notes was seen at 136 bps bid, 131 bps offered at midday.

Citigroup offered the bonds during Thursday's session at Treasuries plus 142 bps.

The financial services company is based in New York City.

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