Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Morning Commentary: Investment-grade bonds firm; Citi, Goldman paper improves
By Cristal Cody
Tupelo, Miss., July 14 – Investment-grade bond spreads narrowed, while bank and financial paper traded mostly tighter in front of expected supply from Toronto-Dominion Bank, Bed Bath & Beyond Inc. and Bank of Nova Scotia, according to market sources on Monday.
Citigroup Inc.’s 3.75% notes due 2024 and Goldman Sachs Group Inc.’s 3.85% notes due 2024 both traded about 1 basis point better, a source said.
The Markit CDX North American Investment Grade series 22 index ended unchanged on Friday at a spread of 58 bps.
Citi tightens
Citigroup’s 3.75% notes due 2024 (Baa2/A-/A) firmed 1 bp to 120 bps offered, according to a market source.
Citigroup sold $1.25 billion of the 10-year notes on June 9 at a spread of Treasuries plus 115 bps.
The bank is based in New York City.
Goldman firms
Goldman Sachs’ 3.85% notes due 2024 (Baa1/A-/A) traded 1 bp tighter at 136 bps offered, a market source said.
Goldman sold $2.25 billion of the notes at Treasuries plus 135 bps on June 30.
The financial services company is based in New York City.
© 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.