US Corp Bonds-Market tighter on better earnings

Newswire

By Dena Aubin NEW YORK, April 23 (Reuters) - Upbeat earnings reports pushed spreads on U.S. corporate bonds tighter on Wednesday, with the telecommunications sector leading the way after long-distance leader AT&T Corp. swung to a profit in the quarter. "It is a feeding frenzy in corporate paper," Andy Brenner, head of institutional fixed-income at Investec Ernst & Co. said in a research note on Wednesday. "Dealers (are) all complaining about not being able to replace the paper ...

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