Deanna Cullen Whitehall High School, Whitehall, MI Prepared as ...
Whitehall: Monitoring The Markets Vol. 3 Iss. 36 (October 1, 2013)
2
Volume 3, Issue 36 October 1, 2013 Whitehall UNITED STATES DEBT MARKET US Libor US Treasury Yield Curve Libor 1 month 3 month 6 month UST 2yr 3yr 5yr 7yr 10yr 30yr 10/01/13 18 bps 25 bps 37 bps 10/01/13 0.33% 0.69% 1.41% 1.90% 2.63% 3.69% 10 Year US Swap Rates 10 Year US Treasury Average 10 Year US Industrial Yield Average 10 Year US Industrial Spreads S&P/LSTA Leveraged Loan Index Average Junk-Bond Yield Source: Bloomberg This market letter is not to be construed as a recommendation to buy, hold or sell any particular security. 0 bps 10 bps 20 bps 30 bps 40 bps 50 bps 60 bps 70 bps 80 bps 90 bps 6 mth 3 mth 1 mth 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 30yr Avg 15yr Avg Today (10/1/13) 2 3 30 I I I 7 5 10 I I I 1.00% 1.50% 2.00% 2.50% 3.00% 10/1/13 2.63% 1.00% 1.50% 2.00% 2.50% 3.00% 10/1/13 2.79% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% A BBB 10/1/13 3.57% 4.37% 0 bps 25 bps 50 bps 75 bps 100 bps 125 bps 150 bps 175 bps 200 bps 225 bps A BBB 10/1/13 95 bps 174 bps 94.75 95.25 95.75 96.25 96.75 97.25 97.75 98.25 98.75 10/1/13 97.58% 4.75% 5.25% 5.75% 6.25% 6.75% 7.25% 7.75% 10/1/13 6.30 % Copyright © 2013 Whitehall & Company, LLC 7 Times Square, 46th Floor, New York, NY 10036 Office: (212) 205-1380 Fax: (212) 205-1381 www.whitehallandcompany.com
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Transcript of Whitehall: Monitoring The Markets Vol. 3 Iss. 36 (October 1, 2013)
7/27/2019 Whitehall: Monitoring The Markets Vol. 3 Iss. 36 (October 1, 2013)
http://slidepdf.com/reader/full/whitehall-monitoring-the-markets-vol-3-iss-36-october-1-2013 1/2
Volume 3, Issue 36
October 1, 2013 WhitehalUNITED STATES DEBT MARKET
US Libor US Treasury Yield Curve
Libor 1 month 3 month 6 month UST 2yr 3yr 5yr 7yr 10yr 30yr
10/01/13 18 bps 25 bps 37 bps 10/01/13 0.33% 0.69% 1.41% 1.90% 2.63% 3.69%
10 Year US Swap Rates 10 Year US Treasury
Average 10 Year US Industrial Yield Average 10 Year US Industrial Spreads
S&P/LSTA Leveraged Loan Index Average Junk-Bond Yield
Source: Bloomberg
This market letter is not to be construed as a recommendation to buy, hold or sell any particular security.
0 bps
10 bps
20 bps
30 bps40 bps
50 bps
60 bps
70 bps
80 bps
90 bps6 mth3 mth1 mth
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
30yr Avg
15yr Avg
Today (10/1/13)
2 3 30I II
75 10I II
1.00%
1.50%
2.00%
2.50%
3.00%10/1/132.63%
1.00%
1.50%
2.00%
2.50%
3.00%10/1/132.79%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%4.00%
4.50%
A
BBB
10/1/133.57%4.37%
0 bps
25 bps
50 bps
75 bps
100 bps
125 bps
150 bps175 bps
200 bps
225 bps
A
BBB
10/1/1395 bps174 bps
94.75
95.25
95.75
96.25
96.75
97.2597.75
98.25
98.7510/1/1397.58%
4.75%
5.25%
5.75%
6.25%
6.75%
7.25%
7.75%10/1/136.30 %
Copyright © 2013 Whitehall & Company, LLC
7 Times Square, 46th Floor, New York, NY 10036
Office: (212) 205-1380 Fax: (212) 205-1381
www.whitehallandcompany.com
7/27/2019 Whitehall: Monitoring The Markets Vol. 3 Iss. 36 (October 1, 2013)
http://slidepdf.com/reader/full/whitehall-monitoring-the-markets-vol-3-iss-36-october-1-2013 2/2
Volume 3, Issue 36October 1, 2013 Whitehal
Date Issuer Type $mm Years Spread Coupon Rating Sector Country9/27 Coca-Cola Icecek Snr Notes $500 5 N/A 4.75% 2 Consumer, Non-
Cyclical
Turkey
9/27 Continental Wind LLC Snr Sec $613 19.5(10.3avg) 330bps 6.00% 2 Energy USA
9/27 Portland General
Electric
FMB $155 29
35
110bps
115bps
4.74%
4.84%
1 Utilities USA
9/27 Toll Holdings Ltd Snr Notes $250 SGP$7
10
HK$10
180bps
165bps
180bps
N/A 2 Industrial Australia
9/27 UGI Utilities Inc Snr Notes $175 30 130bps N/A 1 Utilities USA
9/27 The National Football
League
Snr Notes $375 14.8(8.7avg)
24.8(15.2avg)
26.8(17.3avg)
120bps
135bps
135bps
3.86%
4.30%
4.42%
1 Consumer,
Cyclical
USA
Public and private market information is from sources that are deemed reliable, but information has not been confirmed.
Date Issuer Type $mm Years Spread Coupon Rating Sector Country9/25 BHP Billiton Finance
USA Ltd
Snr Notes $5,000 3
5
10
30
FRN
60bps
125bps
130bps
L+25bps
2.05%
3.85%
5.00%
A1/A+ Basic Materials Australia
9/25 Wal-Mart Stores Inc Snr Notes $1,750 5
30
60bps
110bps
1.95%
4.75%
Aa2/AA Consumer, Non-
Cyclical
USA
9/25 Enbridge Inc Snr Notes $1,150 3
10
FRN
150bps
L+65bps
4.00%
Baa1 Energy Canada
9/23 Ralph Lauren Corp Snr Notes $300 5 68bps 2.13% A3/A Consumer,
Cyclical
USA
9/23 BP Capital Markets PLC Snr Notes $2,400 5
5
10
FRN
80bps
130bps
L+63bps
2.24%
3.99%
A2/A Energy United Kingdom
Source: Bloomberg
Date Issuer Type $mm Years Spread Coupon Rating Sector Country
9/24 The ADT Corp Snr Notes $1,000 8 389bps 6.25% Ba2/BB- Consumer,Cyclical
USA
9/24 General Motors Co Snr Notes $4,500 5
10
30
N/A 3.50%
4.88%
6.25%
Ba1/BB+ Consumer,
Cyclical
USA
9/23 Whiting Petroleum Corp Snr Notes $400 8 346bps 5.75% Ba2 Energy USA
Source: Bloomberg
Date Issuer Type $mm Months Spread Rating Sector 9/25 Biomet Inc Term $2,982 46 B+
9/24 Peabody Energy Corp Revolver
Term
$1,650
$1,200
60
84
BB
Source: Bloomberg
This market letter is not to be construed as a recommendation to buy, hold or sell any particular security.
L+350bps Consumer, Non-Cyclical
L+325bps
L+325bps
Energy
SELECT US PRIVATE PLACEMENTS
US PUBLIC MARKET ISSUANCES
SELECT BELOW INVESTMENT GRADE ISSUANCES
SELECT CLOSED SYNDICATED LOANS
SELECT INVESTMENT GRADE ISSUANCES
Jonathan CodyManaging Director (646) [email protected]
Timothy Page Managing Director (212) [email protected]
Roland DaCostaManaging Director (212) [email protected]
Vincas SnipasManaging Director (212) [email protected]
Susan Vick Managing Director (212) [email protected]
CONTACT WHITEHALL Oliver LangelManaging Director (212) [email protected]
Brian Burchfield Director (212) [email protected]
Nicholas Page Associate(212) [email protected]
Gabrielle Sullivan Analyst(212) [email protected]
Blaine Burke Analyst(212) [email protected]
Natalia Kotlyarchuk Vice President(212) [email protected]
Copyright © 2013 Whitehall & Company, LLC
7 Times Square, 46th Floor, New York, NY 10036
Office: (212) 205-1380 Fax: (212) 205-1381
www.whitehallandcompany.com
