After an active week, investors can catch their breath on Friday, where a light day is promised. Below, how to close out the week.
Primary
No deals over $100 million are scheduled to price on Friday. Traders have no fear: a heavy calendar week is expected next week, so more new issues will flood the market with options and chances to buy.
Data provided by TM3.
Secondary
Adventist Health System West, a California-based hospital system picked up heavy bidding on Friday morning. The 4s of 2043 had picked up over $20 million of trades as of 9:30 a.m. and saw yields climb two basis points to 4.15% from 4.13% in round lot trading.
Data provided by Municipal Securities Rulemaking Board's disclosure website EMMA.
Scales
Municipal Market Data's triple-A scale had not been updated to reflect Friday morning's activity at the time of publication.
Economic News
Scotland struck down a bid for secession yesterday with considerable support in favor of keeping the United Kingdom intact. The "no" campaign won 55.3% of the vote, while the pro-independence captured just 44.7%.
Treasuries
The Treasury market strengthened across the curve in morning trading on Friday. The two-year note fell two points to 0.59% from Thursday's close, and the 10- and 30-year each fell three points to 2.60% and 3.33% respectively.
