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Prospect News home > News index > List of issuers F > Headlines for Federal Home Loan Banks (FHLB) > News item |
Agency spreads tighten slightly; new FHLB global ends week at 39 bps bid
By Lisa Kerner
Charlotte, N.C., May 29 - Agency spreads came in "a little bit" at the end of the day on Friday, following some widening late afternoon in the previous session and overnight, according to a source.
Spreads had tightened during trading Thursday.
The source noted didn't seem to think spreads were affected significantly in any one sector but did note some "good buying" on the day Friday.
According to the source, the Federal Home Loan Banks' $3 billion three-year global that priced at 43 basis points above Treasuries on Thursday ended the week at 39 bps bid. It had been quoted at 42 bps bid, 41 bps offered at Thursday's close.
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