Intl Bonds-Market mesmerised by General Motors deal

Newswire

LONDON, June 26 (Reuters) - International bond markets were biding time on Thursday with all eyes on U.S. auto maker General Motors' huge corporate bond sale, which overshadowed a vital turnaround plan from Italy's Fiat. The FTSE Euro Corporate Bond Index showed investment-grade corporate bonds in euros yielding an average 81.3 basis points more than similarly dated government bonds at 1550 GMT, 1.1 basis points less on the day. "The corporate credit markets were transfixed by the new ...

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