Intl-Bonds-European corporate bonds slip on supply

Newswire

LONDON, Sept 23 (Reuters) - European corporate bonds opened slightly weaker on Tuesday as the market digested 2.5 billion euros of new bonds from U.S. auto maker General Motors which weighed on auto sector paper. The FTSE Euro Corporate Bond Index showed investment-grade corporate bonds in euros yielding an average 69.8 basis points more than similarly dated government bonds at 8:51 GMT, 1.0 basis point higher on the day. "We are seeing some natural profit taking but nothing dramatic. It ...

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