US corporate bond spreads tighter

Posted by 7Star Sunday, April 19, 2009

US corporate bond spreads tightened on Friday, extending a four-week improving trend on the back of rising stocks, better-than-expected quarterly results from banks and slowing new issuance, traders said. Citigroup Inc reported a smaller-than-expected first quarter loss for shareholders on Friday, joining a string of other banks in signalling that government interventions are beginning to help their results.

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