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At $30 billion, it’s the largest high-grade U.S. note sale since 2023, and it drew a record number of orders at $125 billion.

With about $95 billion of debt outstanding, Oracle is the biggest corporate issuer outside the financial sector in the Bloomberg high-grade index, and it’s planning another $38 billion debt offering.

The FOMC voted 10-to-2 to lower the target range for the federal funds rate by a quarter percentage point, to 3.75%–4%.

Overall, 11 companies sold a total of $24.3 billion of U.S. high-grade bonds yesterday, ahead of this week’s Fed meeting.

“Businesses have so far shielded consumers from much of the increase in costs due to tariffs by absorbing them in margins, but further pass-through seems very likely in the months ahead.”

All active data collection activities at the BLS are paused until the U.S. government shutdown ends.