Market Updates: Bank of America (NYSE:BAC), Yahoo (NASDAQ:YHOO), Goldman Sachs (NYSE:GS), U.S. Steel (NYSE:X), United Technologies (NYSE:UTX)
Posted on January 27, 2010 at 12:45 PM EST
In credit markets, the extra yield investors demand to own corporate bonds instead of Treasuries held at 164 basis points, or 1.64 percentage points, yesterday, Bank of America (NYSE:BAC) Global Broad Market Corporate Index showed. The spread has widened from this year’s low of 160 basis points on Jan. 14. Bond sales by U.S. and European companies have slowed this week as spreads widen, falling to $14.6 billion, down 20 percent from the $18.3 billion of issuance in the same period a week ago, according to data compiled by Bloomberg. – Bloomberg Yahoo (NASDAQ:YHOO) earned $153 million, or 11 cents per share, compared with…