Deals
Record Run for Company-Bond Sales Seen Coming to a 2017 Halt
- Drop of 10%-20% for investment-grade forecast as M&A slows
- ‘Very different environment’ as rates rise, Trump era begins
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Breaking habits can be hard, especially when they involve making money.
That’s the prospect for bond investors in the coming year. After six straight years of growing U.S. investment-grade corporate-debt sales, bankers and investors are pegging 2017 as the year the frenzy finally fades. The new year has several hurdles in place already.