Monday Credit Markets

Secondary volume was decent today, down $200MM or so from Friday.  IG increased its relative volume (+$600MM) while HY and converts slipped a bit.



Of interest today, Oncor 12's (Baa1/A-) were in the top four most active bonds in IG space and American General 17's (B3/B) were the fifth most active HY bonds tracing today.

Calendar was active as well:

Issues were well received as demand continues to be strong.

A snapshot of the Investment Grade Index (NBBI), Total Return (via FINRA)