Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Aflac Inc. > News item |
Midday Commentary: High-grade market sees continued volatility; Aflac notes weaken
By Aleesia Forni
Virginia Beach, Va., June 10 - The high-grade secondary bond market saw "continued volatility" early during Monday's session, one trader said at midday, as a recent deal from Aflac Inc. traded 3 basis points wider compared to levels seen on Friday.
The trader quoted the upsized $700 million issue of 3.625% 10-year senior notes at 148 bps bid, 145 bps offered.
The notes were priced at a spread of 150 bps over Treasuries on June 3.
The company provides supplemental health and life insurance through its subsidiaries and is based in Columbus, Ga.
Meanwhile, the Markit CDX Series 20 North American Investment Grade index was 1 bp tighter on Monday at a spread of 80 bps.
© 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.