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Merge version bump and changelogs
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.changes/1.39.0.md

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## dbt-common 1.39.0 - August 11, 2026
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### Features
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- Add OpenTelemetry context propagation support for thread pool executors ([#11367](https://github.com/dbt-labs/dbt-common/issues/11367))
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### Security
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- Redact sensitive environment values from record/replay artifacts ([#372](https://github.com/dbt-labs/dbt-common/pull/372))
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### Contributors
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- [@sd-db](https://github.com/sd-db) ([#372](https://github.com/dbt-labs/dbt-common/pull/372))
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- [@sfc-gh-vguttha](https://github.com/sfc-gh-vguttha) ([#11367](https://github.com/dbt-labs/dbt-common/issues/11367))

.changes/unreleased/Features-20250514-120000.yaml

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.changes/unreleased/Security-20260729-185421.yaml

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CHANGELOG.md

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- "Breaking changes" listed under a version may require action from end users or external maintainers when upgrading to that version.
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- Do not edit this file directly. This file is auto-generated using [changie](https://github.com/miniscruff/changie). For details on how to document a change, see [the contributing guide](https://github.com/dbt-labs/dbt-common/blob/main/CONTRIBUTING.md#adding-changelog-entry)
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## dbt-common 1.39.0 - August 11, 2026
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### Features
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- Add OpenTelemetry context propagation support for thread pool executors ([#11367](https://github.com/dbt-labs/dbt-common/issues/11367))
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### Security
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- Redact sensitive environment values from record/replay artifacts ([#372](https://github.com/dbt-labs/dbt-common/pull/372))
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### Contributors
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- [@sd-db](https://github.com/sd-db) ([#372](https://github.com/dbt-labs/dbt-common/pull/372))
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- [@sfc-gh-vguttha](https://github.com/sfc-gh-vguttha) ([#11367](https://github.com/dbt-labs/dbt-common/issues/11367))
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## dbt-common 1.38.0 - May 04, 2026
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### Under the Hood
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- Explicitly keep bool serde as a passthrough for mashumaro 3.15+ compat with versions before 3.15 ([#12098](https://github.com/dbt-labs/dbt-common/issues/12098))
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## dbt-common 1.37.5 - April 23, 2026
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### Features

dbt_common/__about__.py

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version = "1.38.0"
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version = "1.39.0"

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