One economist forecasts a "subdued" new-issue pace through 1992 as many corporations accelerated offering schedules this year to avoid the uncertainty surrounding the presidential election.

"I think we are going to see a significantly slower pace of new issuance in the month of November, perhaps [through] the end of the year, barring a sharp drop in interest rates," said John Lonski, senior economist at Moody's Investors Service.

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