US CORP BONDS-Cash, credit spreads tighten after Q1 GDP

Newswire

NEW YORK, April 29 (Reuters) - U.S. corporate bond spreads tightened on Wednesday as a month-long rally showed little sign of abating, even after government data showed the U.S. economy contracted more-than-expected in the first-quarter. Spreads over comparable Treasuries in the investment-grade cash bond market tightened by at least 10 basis points overall, traders said, while the main index of investment-grade credit default swaps tightened by around 10 basis points to 167 basis points, ...

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