US Corp Bonds-Spreads close tighter, Ford rattles autos

Newswire

By Tom Johnson NEW YORK, Feb 21 (Reuters) - Corporate bonds gained additional ground against Treasuries on Friday, ending a quiet week as investors continued to feed their appetite for fixed-income assets despite concerns about a possible war in Iraq and worsening economic data. "The tone is still pretty decent," said Gregory Peters, a credit strategist at Morgan Stanley. "Some people are getting skittish, but by and large it's a small majority." Spreads, the yield gap between ...

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