US Corp Bonds - Spreads weaken amid more supply

Newswire

By Nancy Leinfuss NEW YORK, May 19 (Reuters) - U.S. corporate bond investors had no trouble digesting Monday's $2.3 billion of supply despite an already heavy week of issuance this week while secondary market issues remained under pressure, traders said. "The new issues we saw today got very well put away," said one trader. "Weakness in stocks and the ongoing supply we've seen has put pressure on spreads," he said. Spreads -- the extra yield that corporate bonds pay over Treasuries -- ...

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