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AT&T to Mylan Lead Surge in U.S. Bond Sales to 27% Above Average

AT&T Inc. and Mylan Inc. led bond sales of $38.1 billion in the U.S. this week, 27 percent above average, as issuers lock in borrowing costs at about record lows, speculating that the Federal Reserve may start to curtail stimulus early next year.

AT&T, the largest U.S. phone company, and Canonsburg, Pennsylvania-based Mylan each raised $2 billion as offerings topped 2013’s weekly average of $30.1 billion, according to data compiled by Bloomberg. Issuance rose from $26.3 billion sold last week, the most since $41 billion in the five days ended Nov. 8.