New issues topped $2 billion yesterday, with American Telephone & Telegraph Co., General Electric Co., and high-yield issuers Ferrell Gas Inc. and Rowan Companies Inc. powering the surge.

Yesterday appears to have been the eighth time this year new issues have hit or bettered the $2 billion mark. Nov. 21 marked the seventh time, according to Joe Miller, an associate at Securities Data Co.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.