Midday Commentary: Viacom deal on deck, Goldman Sachs notes continue to trade flat

By Aleesia Forni

Columbus, Ohio, Nov. 16 - The primary market calendar has slowed down on Friday following a busy week, with only Viacom Inc. set to price an offering during the session.

The entertainment company is expected to sell a $250 million issue of 30-year bonds on Friday.

One market source commented that trading in the secondary market was slightly weaker early in the session, adding that Goldman Sachs' notes were trading flat at "around 130" basis points bid.

Goldman Sachs sold $1.75 billion of two- and three-year notes on Thursday, including $500 million of two-year floaters at Libor plus 100 bps and $1.25 billion of 1.6% three-year notes at Treasuries plus 130 bps.

The financial services company is based in New York City.

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