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Last week in the bond market



October 01, 2012 – Comments (0)

A little excitement in bonds last week.  The week's activity pushed September's total corporate bond issues over $100 billion.

A pharma company with an $11 billion market cap borrowing $3.9 billion to cover part of a euro 4.2 billion acquisition.

UPS paying off a maturing note, which will save many millions in interest expense thanks to today's low bond rates.

Lots of foreign financial borrowing in the US markets last week.

Fool on!


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