US Corp Bonds-No news is good news for spreads

Newswire

By Dan Wilchins NEW YORK, May 21 (Reuters) - U.S. corporate bond spreads narrowed slightly on Friday, as stabilizing bond yields convinced investors to shrug off high oil prices and upcoming rate hikes and tiptoe back into the market. But with few important earnings reports coming out soon, spreads have nowhere to go but sideways, strategists said. "You still have a relatively positive earnings outlook for the next few quarters, which should be good for spreads, but you also have oil ...

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