Amid ongoing market volatility and continued pressure from the credit crisis, a total of $30.51 billion in long-term debt was sold during the month of July, making it the third weakest month so far in 2008, according to Thomson Reuters.

Overall, there were a total of 798 long-term bond issues in July, which brings the total number of long-term bond issues for the first seven months of the year to 6,784 and the total year-to-date volume to $259.7 billion, according to the July 31 data. July showed a nearly $20 billion drop in issuance in comparison to the 1,231 issues totaling $50.44 billion that came to market last month, and represents a 4.4% decrease in volume compared to July 2007 when 965 issues totaling $31.90 billion came to market.

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