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Wednesday had $5.8B in high-grade US$...>

US PIPELINE
US PIPELINE: Wednesday had $5.8B in high-grade US$ corporate and sovereign bond
issuance. CDX investment grade index this moring is 0.45 bps tighter at 53.75
bps. US investment grade bonds show that energy, utilities and materials are
outperforming and spreads tightening on the day; consumer staples and technology
are underperforming.
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10/25 $2.5B *Sweden Aaa/AAA/AAA  priced 3Y MS-6    BAR/C/JPM
10/25 $2.0B *BNG Aaa/AAA/AA+     Wed 2Y MS+2      BMO/DAIWA/DB/TD 
10/25 $800M *Mongolia Caa1/B-/B- 144a/RegS 5.5% 5.625% CS/DB/JPM
10/25 $500m *Korea Hsg Fin Corp Aa2/AA- covered 5Y+100 BNP/C/ING/STAND
10/26 TBD   Philippines Baa2/BBB/BBB- US meetings Oct 6-13 C/DB/MS/SCB
10/26 TBD   Quatar eyed $9B in international bonds; no time set yet

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