Goldman, Wells Fargo Sell Bonds

Yields on investment-grade corporate debt hit record lows.

Goldman Sachs Group Inc., Wells Fargo & Co. and Colgate-Palmolive Co. sold bonds as yields on highly rated corporate debt fell to record lows.

Goldman Sachs, the fifth-biggest U.S. bank by assets, issued $2 billion of 3.3 percent, three-year notes, while San Francisco-based Wells Fargo issued $1.5 billion of 2.1 percent, five-year securities, according to data compiled by Bloomberg. Colgate, the world’s largest toothpaste maker, sold $500 million of 2.3 percent, 10-year notes.

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