Midday Commentary: Overall spreads in high-grade secondary trading wider to begin week

By Aleesia Forni

Virginia Beach, Va., March 18 - The investment-grade secondary market began on a quieter note on Monday, one trader said early during the session.

"[The tone] feels a little weaker this morning," the source added.

In trading, the source had last seen Ventas Realty LP's notes trading 2 basis points better at 131 bps bid, 127 bps offered.

The notes were quoted at 133 bps bid during Friday's session following Thursday's pricing at a spread of Treasuries plus 132 bps.

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