Corporate borrowers sold roughly $1 billion in debt yesterday as favorable interest rates continue to outweigh risks associated with the record Treasury refundings for the second consecutive session.

The Treasury sold $12 billion of 10-year notes as part of the second leg of the record-high $38 billion quarterly refunding. But issuers, usually wary of offering bonds during an auction, paid no heed as attractive rates induced by Tuesday's ease in monetary policy beckoned.

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