July 22 (Bloomberg) -- Goldman Sachs Group Inc. and Morgan Stanley led $14.2 billion in U.S. corporate bond sales in the busiest day in almost four months as yields on company debt fell to the lowest in six years. Goldman Sachs raised $3 billion in a two-part bond offering, its biggest since January 2009, according to data compiled by Bloomberg. Morgan Stanley also issued $3 billion of debt after it reported second-quarter earnings that surpassed analyst estimates. http://noir.bloomberg.com/apps/news?pid=20601087&sid=ac.i6ypFKJ.Y&pos=4 Lowest yields in six years and only $3 billion raised. Why not $10 billion ?
Be on the lookout for IBM or KO to do a super-longdated bond, i.e. 50-year to 100-year duration, to mark the "Final Top" in the market before the next tightening cycle begins. :eek: