US Corp bonds-Spreads tighten as stocks rise on economic data

Newswire

By Nancy Leinfuss NEW YORK, May 30 (Reuters) - U.S. corporate bond yield spreads opened at tighter levels on Friday, boosted by stocks and falling Treasuries as the market digested the latest economic data, traders said. "Spreads have come in this morning on some retail buying and the strong tone in stocks after the economic news," one trader said. Treasury prices fell after a key survey on U.S. regional manufacturing came in stronger than expected, suggesting the economy might not be ...

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