Secondary Pricing Table

Euro denominated bonds seared tighter versus swaps on Thursday, the day that European Central Bank president Mario Draghi unveiled further details of a public sector bond buying programme.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Wednesday’s close. The source for secondary trading levels is Interactive Data.

This week drew a mixed bag of results, as deals priced last week in euros and dollars tightened against benchmarks but moved wider versus swaps.

There were potential signs of contagion to the rest of the eurozone periphery from the protracted discussions between Greece and its creditors this week.

This week brought an air of stability to the secondary SSA market after the dramatic moves at the end of last month following the European Central Bank’s announcement of SSA quantitative easing on January 22.

Intended or not, the European Central Bank’s plan to buy SSA paper in secondary markets once again made market watchers sea sick this week.

The runaway winners in this week’s selection of deals in secondaries were those from the eurozone periphery — especially at the far end of the curve — after the announcement of ECB sovereign quantitative easing on Thursday led to plunging yields.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Thursday's close. The source for secondary trading levels is Interactive Data.