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Decent Week

PIPELINE

Decent week for issuance at $20.62B total despite many sidelined ahead today's Jan employment data and ongoing earnings cycle. Earnings start to wind down next week while some issuers may still opt to withhold issuing more debt ahead CPI inflation metric next Thursday (+0.4% est vs. 0.5% last Month).

  • Date $MM Issuer (Priced *, Launch #)
  • $2.82B Priced Thursday, $20.62B total for week
  • 02/03 $2.02B *McAfee 8NC3 7.375$a
  • 02/03 $800M *Scientific Games Holdings 8NC3 6.625%
Quick update on corporate credit risk, investment grade CDX IG5 index has come off Nov 2020 highs this morning (67.47) to 63.65 as stocks traded near late session highs (SPX eminis +35.5 at 4504.5).

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