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CREDIT MARKETS: Huge Corporate Deal Hits As Treasurys Slip

NEW YORK (Dow Jones)–Treasury bonds slipped Thursday as investors took some chips off the table from a recent rally.

Yet the U.S. sold $29 billion in seven-year notes at a record-low yield, indicating that investors remain skittish over financial market disruptions if Greece exits the euro or if other peripheral European nations see additional stress over their heavy debt loads.

United Technologies Corp. (UTX) took advantage of low interest rates and sold a $9.8 billion bond deal Thursday, easily the largest U.S. corporate bond offering in more than three years.

Markit’s CDX North American Investment Grade index, a proxy for …


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