A quartet of corporations raised nearly $1 billion in the credit markets yesterday as the Treasury long bond sank to its lowest yield in more than a month.

With the 30-year government issue hovering at 8.375% late yesterday -- its lowest level since early June -- Long Island Lighting Co. and KN Energy Inc. hit the long end, while finance companies Associates Corp. of North America and Ford Motor Credit Co. took their usual spot in the intermediate sector.

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