US corporate bonds slightly weaker

Posted by 7Star Saturday, March 28, 2009

US corporate bonds were slightly weaker on Friday, taking their lead from falling stocks as bank shares were hit by comments from J.P. Morgan Chases chief executive that March was "a little tough." "It feels a bit muted today," said one senior buy-side trader. "The banks have been suffering a little bit over the past few days with the ratings cuts of Bank of America and Wells Fargo still lingering," he said.

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