Deals
Exxon's $12 Billion Bond Deal Doesn't Make 2016 Any Sweeter
- Signs that demand for U.S. corporate bonds is waning
- Total issuance down about 3% from first 2 months of 2015
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Investors are finding fewer and fewer companies to love in the corporate bond market.
Exxon Mobil Corp sold $12 billion of debt on Monday, in one of the biggest deals of the year. But there are plenty of signs that demand for corporate debt is waning after investors have spent the past six years gorging on the stuff.