US corporate bond spreads hit widest in about 6 months on recession fears

By Matt Tracy

March 12 (Reuters) - The yield spreads between corporate bonds and U.S. Treasuries widened late on Tuesday to their widest level since September, pointing to mounting investor worries about recession and a global trade war.

U.S. investment-grade bond spreads hit 94 basis points on Tuesday, their widest level since Sept. 18, according to the ICE BofA Corporate Index .MERC0A0. Junk bond spreads widened to 322 bps, also their widest since Sept. 18, according to the ICE BofA High Yield Bond Index .MERH0A0.