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NEW YORK, May 17 (Reuters) - U.S. long-term debt issuance totaled $1.90 trillion in the first quarter, up 18.7 percent from $1.60 trillion in the fourth quarter and up 13.1 percent from $1.68 trillion a year earlier, a financial industry group said on Wednesday.
"Issuance increased quarter-over-quarter across all asset classes except for municipal, mortgage-related and asset-backed securities. Year-over-year growth was positive in all asset classes except municipal debt," the Securities Industry and Financial Markets Association (SIFMA) said in a statement.
Reporting by Richard Leong; Editing by Chizu Nomiyama