Company has $148B of its $257B in cash invested in corporate bonds.

Higher PBGC premiums have pressured firms to close funding gap.

Higher PBGC premiums have pressured firms to close funding gap.

Verizon, Time Warner bought back debt, issued new bonds.

Intel, Johnson & Johnson use offshore cash to buy companies.

Intel, Johnson & Johnson use offshore cash to buy companies.

Investment-grade companies are on track for their busiest Q1 ever.

Investment-grade companies are on track for their busiest Q1 ever.