US Corp Bonds - Corps, junk weak despite stock turnaround

Newswire

By Nichola Groom NEW YORK, June 24 (Reuters) - U.S. corporate bonds weakened considerably on Monday, shrugging off a rebound in equity markets, as concerns about the outlook for corporate profits and the broader economy continue to fester. "We are under extreme selling pressure today," said one high-grade trader. "There is no buying, just selling." Spreads, the yield difference between corporate bonds and comparable maturity U.S. Treasuries, widened between 0.10 and 0.20 percentage ...

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