Over $1.3 billion in major new deals were priced yesterday as the week's primary market moved into gear, while participants reported a reversion to weakness in the secondary, particularly at the long end.

Leading the fray in new issues, Barclays Capital priced $428 million of new-money and refunding bonds for the University of Pittsburgh. Bonds from the $143.1 million refunding series mature from 2010 through 2022, with yields ranging from 1.10% with a 2.5% coupon in 2010 to 4.59% with a 4.25% coupon in 2022.

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