US Corp Bonds - Autos drive narrowing


By Nancy Leinfuss NEW YORK, Oct 28 (Reuters) - U.S. corporate bond yield spreads ended at tighter levels across the board on Tuesday, with the auto sector driving the bulk of the gains, traders said. Spreads, the additional yield corporate bonds pay over U.S. Treasuries, wrapped up the session about 0.02 to 0.03 percentage point tighter. Bonds of automakers narrowed 0.10 to 0.15 percentage point as sentiment improved for the sector, traders said. Earlier, Standard & Poor's held a ...

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