Though the year's first visible equipment deal priced in late March, the sector is seeing decent flow this quarter, already at close to $3 billion in the last two months, and nearly $5 billion year-to-date, thanks in part to a $1 billion deal from The CIT Group in early May.

Last week IKON Office Solutions brought a $633 million lease deal via Banc of America Securities. Though typically in the market twice a year, IKON only priced one term deal in 2001.

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