Ford bonds weaken after profit warning

Newswire

NEW YORK, June 21 (Reuters) - Ford Motor Co.'s bonds weakened relative to Treasuries on Tuesday after the company cut its full-year earnings outlook. Spreads, or the extra yield notes pay relative to Treasuries, on Ford Motor Credit Co.'s 7 percent notes due 2013 widened as much as 0.20 percentage point to 3.71 percentage points. The notes subsequently retraced to 0.12 percentage point wider on the day, for a spread of 3.63 percentage points, according to MarketAxess. Ford Credit is Ford's ...

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