US corporate bond spreads tightening trend

Posted by 7Star Sunday, April 26, 2009

US corporate bond spreads narrowed on Friday, helped by better-than-expected first-quarter earnings and hopes that government stress tests will not show unanticipated problems at major banks. The main index of investment-grade credit default swaps tightened to 174 basis points from 181 basis points on Thursday, according to data from Markit Intraday.

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