US CORP BONDS-Spreads narrow on favorable rate outlook

Newswire

NEW YORK, Feb 26 (Reuters) - U.S. corporate bond spreads tightened on Friday and the cost of protecting debt with credit default swaps fell as confidence that the Federal Reserve will keep interest rates low underpinned sentiment, strategists said. The main index of investment-grade credit default swaps declined to 92 basis points from 94 basis points at Thursday's close, according to Markit Intraday. While some economic data on Friday was weak, led by a decline in existing home sales, ...

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