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Citi: There's Been a Worrisome Change in the Market for New Corporate Debt

More "no go" days are going on.
AB InBev Agrees to Buy SABMiller for $106 Billion in Record Deal
Photographer: Simon Dawson

Welcome to the 2016 corporate bond market. It's a lot like the 2015 corporate bond market—except in one crucial way.

So far this year, sales of new investment-grade bonds are running at about $200 billion, according to figures from Citigroup Inc.—or some 14 percent ahead of sales for the same period in 2015, which proved to be a record year in terms of bond issuance.