US Corp Bonds - Tighter on buying; New supply slows

Newswire

By Nancy Leinfuss NEW YORK, May 22 (Reuters) - U.S. corporate bond yield spreads wrapped up Thursday's session at tighter levels as buyers capitalized on recent weakness to pick up cheaper bonds and as the supply pipeline slowed, traders said. Spreads -- the extra yield that corporate bonds pay over Treasuries -- ended tighter by 0.02 to 0.04 percentage point after softening for the most of the week on heavy supply, traders said. "There was some short-covering going into the weekend so ...

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