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No debt offered so far in August as crisis boosts borrowing costs by 40%.
Dealers on defensive amid European debt crisis, slowing global economy.
High-yield sales head for slowest month since December 2008.
Slowing U.S. economy may undermine bank earnings, bonuses.
Spread hits widest point since December 2009 on slower growth, Euro debt.
Proceeds will be used to repay $3.25 bln of debt maturing this year.