Morning Commentary: High-grade supply eyed; Caterpillar, Entergy Texas notes on deck

By Cristal Cody

Tupelo, Miss., Sept. 16 – Investment-grade deal volume is expected to be front-loaded this week with a Federal Reserve monetary policy decision due on Wednesday.

Heading up supply on Monday, Caterpillar Inc. is marketing two tranches of 10- and 30-year senior notes.

Entergy Texas Inc. is on deck with an offering of fixed-rate first mortgage bonds.

In addition, Hillenbrand, Inc. is offering two tranches of fixed-rate senior notes.

About $25 billion of deal volume is expected by market sources this week following record volume in the first half of September.

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