Morning Commentary: Primary action slows ahead of weekend; Magellan Health markets notes

By Cristal Cody

Tupelo, Miss., Sept. 15 – Magellan Health, Inc. is in the high-grade deal pipeline on Friday with a senior notes offering.

Primary action otherwise is expected to slow on Friday after heavy back-to-back supply over the first four sessions of the week.

Market participants were focused on events over the morning that included a London terrorist attack and another missile launch from North Korea that were causing a flight to safety in Treasuries and gold, a source said.

In other activity, secondary trading volume totaled $20.16 billion on Thursday, compared to $20.72 billion on Wednesday, $18.08 billion on Tuesday and $14.77 billion on Monday, according to Trace.

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