Midday commentary: Volatile climate continues for high-grade bond market, Agilent notes better

By Aleesia Forni

Virginia Beach, Va., June 24 - Volatility in the high-grade bond market continued on Monday, as spreads were mostly weaker on the day and no new issuance was expected.

The Markit CDX North American Investment Grade index was 5 basis points wider at a spread of 99 bps at mid-morning.

One trader quoted Agilent Technologies, Inc.'s recent deal 3 bps tighter at 193 bps bid, 188 bps offered.

The company priced the $600 million of 3.875% 10-year senior notes at a spread of Treasuries plus 175 bps on Tuesday.

The bioanalytic and electronic measurement technology company is based in Santa Clara, Calif.

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