Some IBM Corp. bonds widened yesterday after Big Blue announced plans to cut 25,000 jobs, trim manufacturing capacity, and take a $6 billion charge.

Phil Kazlowski, head of corporate trading at Citicorp Securities Markets Inc., said the 7 1/4% IBM notes due Nov. 15, 2002, which were priced in October at a 55 basis points spread over comparable Treasuries, were bid at 75 and offered at 70 yesterday. Last Wednesday, the notes were bid at 60 and offered at 58, he said.

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