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Post-holiday supply led by Citibank, Sallie Mae & MBNA: Mostly off-the-run names seen

New-issue supply rebounded in the week following Thanksgiving, pricing $6.5 billion of paper as the official year-end push took effect. Despite a few notable exceptions, off-the-run issuers loaded the pipeline, leading to increased activity in secondary markets as investors sought benchmark names out on the curve, traders noted.

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