May 20, 2009 (Action Economics) --

U.S. corporate debt: 3 investment grade deals have emerged on the calendar after the corporate sector digested a fairly full week of offerings so far. Berkshire Hathaway will raise $250 mln via 3-year notes in a re-opening, while Nordstrom has a $300 mln 5-year note and Westpac Securities has a 3-year note pending in a government-backed package. In the high yield sector Apria, Berry Petroleum, Gibson Energy and MarkWest Energy all have modest deals as well. The rising tide of issuance is helping to keep a floor under Treasury yields.