Midday Commentary: Investment-grade trading sentiment 'risk on'; Private Export tightens

By Aleesia Forni

Columbus, Ohio, Sept. 14 - Trading in the secondary market was "risk on" by midday Friday as the Investment Grade Corporate Bond index tightened 3 basis points on the day.

In recent deals, Private Export Funding Corp.'s new notes tightened 7 bps to 12 bps bid, 5 bps offered compared to Wednesday's issue price.

Private Export reopened its offering of 1.375% exempt secured notes due in February of 2017 on Wednesday to add $150 million, a market source said.

The company assists with financing U.S. exports though private capital and is based in New York City.

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