Corporate bond sales are expected to resume in earnest next week after taking a breather since late December while voters in Georgia head to the polls to choose which party will control the U.S. Senate.

Investment-grade companies may borrow as much as $30 billion in the coming five trading days, and up to $100 billion in lighter-than-normal sales volume during the month, according to Bank of America Corp. credit strategists led by Hans Mikkelsen.

January's issuance will be front-loaded with foreign borrowers tapping the U.S. high-grade market in the first couple of weeks as domestic firms enter voluntary earnings blackout periods, the analysts said in a report. T-Mobile US Inc., Walgreens Boots Alliance Inc., Conagra Brands Inc., and Micron Technology Inc. are among companies scheduled to report earnings next week.

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