US CORP BONDS-Spreads steady on Bernanke, econ data

Newswire

NEW YORK, Aug 25 (Reuters) - U.S. corporate bond spreads edged tighter on Tuesday, as stocks firmed on relief about Ben Bernanke's renomination as Fed chairman and strong economic data. The main index of U.S. investment-grade credit default swaps was unchanged at 115 basis points, according to data from Markit Intraday. The index opened about a basis point tighter, but drifted back to trade unchanged during the afternoon hours as trading volumes began to ease. "The market tone is still ...

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