Asian bond spreads narrow on Citi hopes

Posted by 7Star Thursday, March 12, 2009

Asian bond spreads narrowed on Wednesday after trading in a tight range in the last two sessions, lifted by hopes Citigroup will report a first quarter profit. The chief executive of Citigroup, which last posted a quarterly profit in July-September of 2007, said in a memo to staff that the bank was profitable in the first two months of 2009 and confident about its capital strength.

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