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Gradual pick-up Date $MM...................>

PIPELINE
PIPELINE: Gradual pick-up
Date $MM Issuer/Rating/Desc/Maturity/Yld; Priced *; Launch #
06/23 $1B #MuniFin WNG 3Y +16
06/23 $500M CNH Industrial Capital 3Y +250a
06/23 $Benchmark Apicorp 5Y +130a
06/23 $Benchmark Svenska Handelsbanken 3Y +75a
06/23 $Benchmark Niagara Mohawk Power Corp 10Y, 30Y
Later in week:
06/?? American Airlines to issue $1.5B 5Y junk, chatter United may follow w/
appr $5B next week

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