Oversubscribed primary; Lumen moves up; Carnival better; United mixed; U.S. Steel improves

By Paul A. Harris and James McCandless

San Antonio, Nov. 24 – The domestic primary junk bond market is still hot with two issuers pricing deals that were robustly oversubscribed and tightly priced.

In the secondary, new issuance from Lumen Technologies Inc. and Carnival Corp. were both on the rise throughout the day.

In the travel space, United Airlines Holdings, Inc.’s issues varied while American Airlines Group Inc.’s paper picked up steam.

Steel producer United States Steel Corp.’s notes gained ground during the day after the company’s stock received an analyst upgrade.

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