US Corp Bonds-Market shuts down, Qwest cut by S&P

Newswire

By Jonathan Stempel NEW YORK, Dec 24 (Reuters) - U.S. corporate bonds performed in line with Treasuries in very light pre-holiday trading on Tuesday, traders said. Investors, analysts and syndicate officials expect meaningful primary and secondary market activity to resume by the first full week of January, though some have tempered their hopes for a "January effect" rally following corporate bonds' strong performance since early October. "While risk aversion may be subsiding from its ...

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