Photo: Trees in an area that appears to have been logged near Round Lake in Pigeon River Country state forest in Vanderbilt, Michigan, on April 20, 2022. Photographer: Erin Kirkland/Bloomberg. Trees in an area that appears to have been logged near Round Lake in Pigeon River Country state forest in Vanderbilt, Michigan, on April 20, 2022. Photographer: Erin Kirkland/Bloomberg.

The bonds were supposed to change the world. But now U.S. companies and banks are increasingly uninterested in selling them.

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