US Corp bonds-Spreads open flat, new supply thins

Newswire

By Dena Aubin NEW YORK, June 30 (Reuters) - U.S. corporate bonds opened mostly unchanged in muted trading on Monday, leaving yield spreads hugging their tightest levels of the year as hopes for continued low interest rates supported the market. "With the Fed likely to hold interest rates low in order to ensure a recovery, we should continue to benefit from decent appetite for spread product as investors hunt out incremental yield," Bear Stearns said in a recent report. Although the ...

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