US Corp Bonds-Spreads tighten, focus on GM sale


By Dena Aubin NEW YORK, June 25 (Reuters) - U.S. corporate bond yield spreads tightened on Wednesday as a well-received jumbo bond sale from General Motors Corp. and its finance unit improved sentiment in the market. "The GM deal seems to be coming through OK," said one corporate bond strategist. "Removal of the overhang of the GM supply issue is getting people to feel a little better." Spreads, the extra yields that corporate bonds pay over Treasuries, tightened by about 0.02 to 0.03 ...

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