date:Aug 04, 2014
to go from 2022 to a 2024 maturity and then deducting around 5bp for the high dollar price, fair value for a new 10-year note would be around 160bp, according to one investor.
That sounds about right for fair value, but I could see it going a bit better than that, said a head of bond syndicate in New York. There are not many Triple Bs trading north of the 150bp level. We had [BBB- rated gas company] EQM come to market this week in 10-years at Treasuries plus 160bp and split-rated Martin Mariet