Could it be? Is the market really back open? After months of drought, the steady trickle of deals in the past few days has felt like a deluge. No guarantees for what next week has in store, though.

A handful of borrowers took advantage of a brief credit rally early in the week to launch transactions. As effective yields dropped below 9% for the first time in more than a month, issuers including such as Tenneco, Ford, and Nielsen took the plunge.