Midday Commentary: Pace slows on FOMC meeting; Highwoods Realty notes seen unchanged

By Aleesia Forni

Columbus, Ohio, Dec. 12 - Issuance in the investment-grade primary market is expected to be thin on Wednesday, while the secondary bond market is seeing a muted trading session.

The market's pace is due in part to the Federal Open Market Committee meeting taking place on Wednesday.

"Things are just slowed down today, it feels like," one market source said early during the session.

One trader quoted Highwoods Realty LP's $250 million of 3.625% notes due 2023 flat at 210 basis points bid, 200 bps offered.

The notes sold on Tuesday to yield Treasuries plus 210 bps.

The real estate investment trust is based in Raleigh, N.C.

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