USB US Bancorp

10:49 (Dow Jones) Five high-grade issuers jumped into the primary market Tuesday to take advantage of strong investor appetite, improving market tone and record-low yields. Burlington Northern Santa Fe, Deutsche Telekom (DTE.XE) and Heinz (HNZ) are all marketing 2-part deals while US Bancorp (USB) is floating a 10-year deal and TransCanada (TRP) is issuing 3-year notes. Ryan Newth at SunTrust says companies are exiting the blackout period after releasing quarterly results and taking advantage of heavy investor demand while they can. "Funds inflows...have been so massive and trading volumes are still fairly low, so the only place to deploy cash is in the new-issue space." (patrick.mcgee@dowjones.com)

Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com