US Corp Bonds- Spreads narrow in light trading

Newswire

By Dena Aubin NEW YORK, Dec 18 (Reuters) - U.S. corporate bond spreads were tighter early Thursday, but activity was thin and focused mostly on smaller trades, market participants said. "Activity is very slow, but the traders are quoting things one to two (basis points) better," said one corporate bond strategist. A basis point is 0.01 percentage point. Bonds of Ford Motor Co. tightened after the company said it was shaving production costs on its best-selling pickup. Ford's 5.8 ...

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