Investment-grade companies have sold $91.9 billion of 30-yearbonds in the United States so far this year, more than have beensold in any full year since 1995, according to the Wall StreetJournal. That total, which represents 166 offerings, is up 26%from the $73.2 billion sold in 145 offerings last year.

Companies enjoy low rates, and investors appreciate the yieldadvantage that long-term debt offers over the short end of theyield curve. Companies that have sold 30-year bonds recentlyinclude UPS, GE and Comcast. A UPS spokeswoman notes the company'sdeal elicited demand seven times the size of the issue.

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