I got a smaller than expected allocation in ASB’s baby bond and a decent allocation in $ING’s new 7.5% perpetual. Most likely I will stick with them until Friday as I think there won’t be much volatility until CPI. I focused on trading the primary market this week as it was less eventful in terms of economic data and given the tight credit spreads it still makes sense to pick some new deals. I Intent to hold off after this week is over.
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