high-yield -- alcoa and xerox helped drive the total to $65 billion.srael sold $8 billion of international bonds, the biggest sale of dollar notes on record. the government issued the debt in three parts and reeled in $34 billion worth of investment demand. and it comes to credit and fixed income howard marks waited on the rate backdrop for today's investors. >> today's rates are not high historically, but they are certainly higher than we had from 2009 through 2021, which means returns on credit investing, fixed income investing, bond investing, will be higher than those in that period, which were really paltry. caroline: joining us is winnie cisar credit sides and maureen o'connor of wells fargo. as you see the economic data appease investors, what does the issuance calendar start to look like over the next couple months? maureen: the conditions in our market have never been better in the last 24 months to issue debt. while we are not at the lowest coupons we are sitting at the two year heights and spreads. if you buy into the narrative will be up ag