US corporate bonds spreads tighten

Posted by 7Star Sunday, March 7, 2010

US corporate bond yield spreads tightened on Friday, in step with rising stocks and falling US Treasury debt prices after data showed US employers cut fewer jobs than expected last month. February's nonfarm employment numbers showed a loss of 36,000 jobs in February, less than the 50,000 projected by analysts polled by Reuters and bolstering views the economy was on the brink of creating jobs.

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