Citigroup, Hewlett-Packard lead mob with bond issues

US companies such as Hewlett-Packard and banks like Citigroup flooded the credit markets with more than $US10 billion in new debt overnight, as investors sought safety in offerings from banks backed by the Government and juicy yields from non-guaranteed bonds. Though the flood of new issuance indicates a slow opening of credit markets, non-financial companies that don’t qualify for the Federal Deposit Insurance Corp program still must pay…

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