UPDATE 1-Corporate bond sales surge as confidence rises

Newswire

(Adds details throughout) By Jonathan Stempel NEW YORK, Aug 22 (Reuters) - General Motors Corp. and at least 20 other companies this week are selling more than $13 billion of bonds, as investors tired of near record-low U.S. Treasury yields gain confidence in corporate honesty and U.S. economic health. General Motors Acceptance Corp., the finance arm of the world's largest automaker, conducted the week's largest sale so far, on Thursday selling $2.5 billion of five- and 10-year notes ...

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