US CORP BONDS-Spreads mostly unchanged, Dow Chemical weakens

Newswire

NEW YORK, Dec 29 (Reuters) - U.S. corporate bonds were little changed overall on Monday in thin trading, while credit default swaps widened sharply on Dow Chemical after Kuwait pulled out of a proposed $17.4 billion joint venture. Spreads also widened on Rohm & Haas , as the Kuwait pull-out potentially upset plans for it to be bought out by Dow Chemical . Dow, the largest U.S. chemical company, could be hurt even if it completes its Rohm & Haas bid, as the company would be ...

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