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In last week's holiday shortened trade, there were a number of new records set in the investment grade corporate bond market. It was the busiest week on record - both in terms of the number of new issues and the total dollars of issuance. Never had so many investment grade companies come to market for so much money in such a short time frame. There was good reason - financing costs are historically low with Deere (DE) and Disney (DIS) pricing the first 30-year debt with coupons below 3%.