Intl Bonds-Autos gain in Europe as oil fades, stocks rise

Newswire

By Bei Bei She LONDON, Aug 23 (Reuters) - Euro bonds of U.S. auto giants tightened on Wall Street stock gains and a steadier oil price early Monday, while the rest of the credit markets saw a slow start to the day. The FTSE Euro Corporate Bond Inadex showed investment-grade corporate bonds in euros yielding an average 49.8 basis points more than similarly dated government bonds at 0737 GMT, 0.3 basis points more on the day. "Equities and oil news are helping autos swing toward the ...

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