Despite seeing two of the top twenty global investment grade bond issues since 1995, this week's debt party was mostly reserved for Kraft's $9.5 billion and Berkshire Hathaway's $8 billion offering.

Twenty other issuers mustered about $9 billion in total to close the week with $26.8 billion sold, a strong number but not enough to eclipse early January's $36.6 billion, according to data from Dealogic.

Williams Partners also priced a $3.5 billion deal.

Of course, the story in fixed income this week was elsewhere.

Dow Jones reports:

Investors continued to seek safety in low-risk Treasury securities Friday afternoon, as optimism over a global economic recovery was dented by worries that fiscal problems in several euro-zone nations could spread.

The euro, the currency shared by 16 nations, continued its slide against its major counterparts, dropping to its lowest level against the dollar since May 2009.

"It is a flight-to-quality trade from Europe," said Thomas Roth, executive director in the U.S. government bond trading group at Mitsubishi UFJ Securities (USA) in New York.

With a spate of U.S. Treasury auctions next week, the U.S. Treasury will test that flight on a record-tying $81 billion in notes and bonds and $77 billion in shorter-term bills.

Will this jumbo-issuance prove prescient and let the U.S. lock in low-rates for one last time or did Friday's stock market reversal spell higher rates next week?