US Corp Bonds-Spreads end softer; Tobacco strengthens


By Nancy Leinfuss NEW YORK, May 21 (Reuters) - U.S. corporate bond yield spreads ended with a softer tone on Wednesday while tobacco issues strengthened after a Florida appeals court overturned a landmark judgment against major tobacco firms. Spreads -- the extra yield that corporate bonds pay over Treasuries -- ended weaker by 0.01 to 0.02 percentage point but off earlier wides as buyers came into market, traders said. "We were much weaker earlier on with stocks, but they improved and ...

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