For a short time early in the year there was a trend for semi-government issuers to favour floating rate notes. However, a new trend seems to be emerging. State borrowers are now issuing fixed rate bonds again but maturities appear to be lengthening. Tascorp began with a new 2046 bond issued in April, followed up with a $450 million tap in May. Now WATC has raised $700 million via a...