Midday Commentary: Secondary market weakens; issuers line up to hit primary market

By Aleesia Forni

Columbus, Ohio, Nov. 13 - The secondary market got off to a weak start on Tuesday, following an extended weekend due to the Veterans Day holiday, a market source said.

Spreads in the secondary market seemed "maybe a little wider" by midday, the source said.

However, the primary market is expected to see deals from Dr. Pepper Snapple Group Inc. and Principal Financial Group, Inc. among others during the session.

"We could see a $15 [billion], maybe $20 billion week," the source continued.

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