US Corp Bonds-Spreads tighter as stocks rise

Newswire

By Dane Hamilton NEW YORK, March 25 (Reuters) - U.S. corporate bonds strengthened on Tuesday, helped by rising equities markets, as light volumes were offset by strong interest in new issues like Raytheon Co. , traders said. Spreads, or the yield difference between corporate bonds and U.S. Treasuries, were quoted 0.02 to 0.05 percentage points tighter in afternoon trading overall, traders said. "We've firmed up across the board," said one trader. "The stock market is driving it, ...

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