Corporate Bonds

March 26th, 2008 2:46 pm | by John Jansen |

 Corporate bond spreads are mixed amidst a day of soporific trading. Industrial names are pretty much unchanged but financials are 4 basis points to 5 basis points wider. Supply was not a factor as issuance was minimal. The one meaningful new issue was an offering of $ 900 million 5 years by Honda which was expected to price at Treasury + 210 basis points.

Separately,one commentator noted the the failure of the Clear Channel deal to close caused bonds and CDS in that name to rally.

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