US Corp Bonds-Strong tone on upbeat earnings week

Newswire

By Dena Aubin NEW YORK, Oct 17 (Reuters) - U.S. corporate bond yield spreads wrapped up the week at their tightest levels since 1999 as a string of strong earnings reports boosted investor appetite for corporate debt. Spreads, the extra yields that corporate bonds yield over Treasuries, edged tighter by about 0.01 percentage point on Friday, traders said. "Issuance has been light this week and earnings have been coming in quite good, and that put a positive spin on the market," said ...

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