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U.S. Banks Issued Bonds in a Big Way This Earnings Season

Investment-grade bond issuance tops $31 billion

U.S. banks issued the most debt in at least three years this earnings go-round with $31 billion of investment-grade supply hitting the market, according to data compiled by Bloomberg going back to 2014. JPMorgan Chase & Co. led the surge on July 17, along with Wells Fargo & Co. and Citigroup Inc. The other big U.S. banks -- Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley -- followed up their earnings releases with billion-dollar debt sales.

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