Midday Commentary: Players prepare for active session; recent Goldman notes trade better

By Aleesia Forni

New York, July 18 - Market players are gearing up for what could be an active session on Thursday as the high-grade bond market's tone was generally positive at mid-morning.

The Markit CDX North American Investment Grade index was 1 basis point tighter at a spread of 75 bps early during the session.

Meanwhile, the recent issue from Goldman Sachs Group Inc. continued to trade better, with a market source quoting the notes 2 bps tighter compared to levels seen late Wednesday.

The trader quoted the notes at 142 bps bid, 137 bps offered.

Goldman Sachs sold the $2.5 billion senior unsecured notes due 2018 at a spread of 155 bps over Treasuries on Tuesday.

The investment bank is based in New York.

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