Midday Commentary: Primary market closes week on quiet note; Ford notes weaken further

By Aleesia Forni

Columbus, Ohio, Jan. 11 - The primary market is expected to remain muted on Friday, as the secondary continues to digest the volume issued earlier during the week.

Meanwhile, Ford Motor Credit Co. LLC's recent notes continued to widen on Friday, with a market source quoting the notes at 168 bps offered early during the session.

The notes were trading at 167 bps bid, 163 bps offered on Thursday.

The Dearborn, Mich.-based financing arm of automaker Ford Motor Co. sold the notes to yield Treasuries plus 168 bps on Tuesday.

© 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.