US Corp Bonds - Weak stocks take their toll

Newswire

By Nancy Leinfuss NEW YORK, Sept 24 (Reuters) - Growing uncertainty and a lack of positive news on the economic front drove stocks lower and corporate bond spreads wider, traders said. Meanwhile, U.S. Federal Reserve policymakers kept monetary policy unchanged. "We opened pretty wide this morning across the board. After the meeting we moved out by another 5 to 10 basis points, we're seeing weakness across the board," said one trader. Spreads to U.S. Treasuries, which had already ...

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