US Corp Bonds - Spreads tighten on upbeat profits

Newswire

By Dena Aubin NEW YORK, April 26 (Reuters) - U.S. corporate bond yield spreads edged tighter on Monday after hitting new multi-year lows last week as robust first-quarter earnings and a scarcity of new supply supported the market. Of the 274 Standard & Poor's 500 Index companies that have reported, 77 percent have exceeded Wall Street's average forecasts. Still, worries about rising interest rates are taking some of the luster off upbeat earnings news, putting a limit on potential ...

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