US Corp Bonds-Spreads tighter, Calpine recovers

Newswire

By Dena Aubin NEW YORK, Feb 25 (Reuters) - U.S. corporate bond spreads edged slightly tighter on Wednesday as a rising stock market boosted sentiment and encouraged bargain-hunters to step in after several sessions of weakness. In the high-yield market, bonds of power producer Calpine Corp. firmed as the market reassessed the company's cancellation on Tuesday of a $2.3 billion debt package to refinance construction loans. "They were up late in the day yesterday and are unchanged from ...

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