Midday Commentary: Financial names fill market; Goldman Sachs bonds trade better

By Aleesia Forni

Columbus, Ohio, Jan. 17 - JPMorgan Chase & Co. will continue the trend of financial names hitting the market this month as Wednesday's new deal from Goldman Sachs Group Inc. traded better on Thursday.

One market source saw Goldman's $2.75 billion of 2.75% five-year notes at 156 basis points offered following Wednesday's pricing with a spread of 165 bps over Treasuries.

The $2.25 billion of 10-year notes was quoted 7 bps better at 178 bps bid, 173 bps offered.

The notes priced at 185 bps over Treasuries.

The sale also included a reopening of the bank's 1.6% notes due 2015 to add $1 billion.

Goldman Sachs is a New York City-based financial services company.

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