The high grade calendar picked up on the week, with $11.6 billion in new deals priced. Several interest rate sensitive companies hit the market as fears that increasing Treasury supply and a reviving economy would raise borrowing costs later in the year. Notable names to come to market in that sector include Household Finance ($2.5 billion), CountryWide Home ($1 billion), AIG Sunamerica ($1.2 billion) and Wells Fargo ($500 million). The other notable deal in the market was Petronas, which priced the largest Asian global ever at $2.75 billion (including 1 euro and 2 dollar tranches). Petronas benefited from attractive spreads relative to U.S. oil companies as well as Malaysia's positive sovereign outlook.
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