US Corp Bonds - Weak consumer confidence hits bonds

Newswire

By Daniel Grebler NEW YORK, Oct 29 (Reuters) - A plunge in consumer confidence this month to the lowest level in nine years left the corporate bond market mostly treading water on Tuesday, although three companies did manage to sell $800 million in new securities. The Conference Board, a private business research group, said worries over jobs and a possible U.S. attack on Iraq pushed the Consumer Confidence Index down to 79.4, its lowest level since November 1993, from 93.7 in September. ...

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