Bank bonds generally stopped their slide Tuesday as spreads tightened a few basis points, but evidence of a turnaround from the selloff of the last few weeks was in short supply.

The improved spreads of some money-center bonds versus Treasury issues came despite a lower earnings estimate from First Union Corp. The Charlotte, N.C., bank said earnings this year will be in the range of $3.40 to $3.50 per share, down from $4.

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