THE NASDAQ FELL SHARPLY MONDAY morning as U.S. tech companies cut off supplies to Chinese electronics manufacturer, Huawei Technologies. In compliance with a decision from the White House, chipmakers have halted business with Huawei until further notice. Amid the escalating trade tensions, all three major indices suffered losses, with the NASDAQ dropping 113 points. S&P -0.67%, Dow -0.33%, NASDAQ -1.46%.
|Key Gainers and Losers||Volume Leaders|
|Qualcomm Inc. 4.3% 5/20/2047
Wells Fargo & Co. 4.4% 6/14/2046
|Industry Returns Tracker|
|New Issues||New Issues [Continued]|
1. Berry Global Inc. (USD) 4.875% 7/15/2026 Reg S (05/20/2019):1250MM First Lien Notes, Price at Issuance 100, Yielding 4.88%.
2. Berry Global Inc. (USD) 4.875% 7/15/2026 144A (05/20/2019):1250MM First Lien Notes, Price at Issuance 100, Yielding 4.88%.
|Top Widening Credit Default Swaps (CDS)||Top Narrowing Credit Default Swaps (CDS)|
|Rite Aid Corp. (5Y Sen USD XR14)
Hertz Corp. (5Y Sen USD CR14)
|SuperValu Inc. (5Y Sen USD MR14)
Atmos Energy Corp. (5Y Sen USD MR14)
Loans and Credit Market OverviewSYNDICATED LOANS HIGHLIGHTS:
Deals recently freed for secondary trading, notable secondary activity:
- Horizon Pharma Inc., PCI GAMING AUTHORITY, Medallion Midland Acquisition
- TED spread held below 15 bp (basis points), as of 05/20/19
- Net positive capital flows into high-yield ETFs & mutual funds
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