UPDATE 1-US CORP BONDS-Spreads narrow as FDIC bond sales mount

Newswire

(Adds new total and JPMorgan in first paragraph) NEW YORK, Nov 26 (Reuters) - U.S. credit spreads narrowed on Wednesday as JPMorgan Chase & Co and Morgan Stanley sold more than $11 billion of debt and more banks prepared to tap a government program to sell new bonds and loosen credit markets. JPMorgan sold $6 billion in debt, up from initial talk of $5.5 billion, and Morgan Stanley's $5.25 billion, three-part bond sale also exceeded Goldman Sachs' inaugural $5 billion debt sale on ...

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