Strong bid for credit drives down spreads in September

Trading talk: October 2010

trading-talk-credit

Technicals have provided a strong underpinning to US credit in recent weeks, as massive demand for new issues has eclipsed supply. Secondary bond prices have been dragged along in the primary market’s wake, due to aggressive pricing of new deals and strong aftermarkets.

In the US, nearly $70 billion of high grade credit was priced in the two weeks after Labor Day, on September 6, and over $16 billion of high yield. Traders say that despite robust levels of issuance, this supply has been easily

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: