US CORP BONDS-Spreads narrow as FDIC bond sales mount

Newswire

NEW YORK, Nov 26 (Reuters) - U.S. credit spreads narrowed on Wednesday in light trading as Morgan Stanley sold $5.25 billion of debt and more banks prepared to tap a government program to sell new bonds and loosen credit markets. Morgan Stanley's $5.25 billion, three-part bond sale exceeded Goldman Sachs' inaugural $5 billion debt sale on Tuesday under the new Federal Deposit Insurance Corp plan, according to IFR, a Thomson Reuters publication. For details, click on [ID:nN26259142] ...

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