US Corp Bonds-Market tighter on war optimism

Newswire

By Dane Hamilton NEW YORK, March 21 (Reuters) - U.S. corporate bonds strengthened on Friday, in tandem with the stock markets, fueled by optimism that a quick end to the U.S.-led war with Iraq would lead to economic improvement. "It's a better story across the board," said one corporate bond trader. "There's a ton of money that's floating around and no other options." Spreads, the yield difference between corporate bonds and U.S. Treasuries, were quoted 0.02 to 0.05 percentage points ...

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