UPDATE 2-GM bonds rise, default swaps narrow on labor deal

Newswire

(Adds background, Ford and GMAC credit default swaps) NEW YORK, Sept 26 (Reuters) - Bonds of General Motors rose on Wednesday after the automaker reached a tentative deal to end a strike at GM, raising hopes that Detroit's automakers would soon slash their health-care costs. GM's 8.375 percent bond due in 2033 rose 2.25 cents on the dollar on Wednesday to 89 cents, from 86.75 cents on Tuesday, according to MarketAxess. "It's a very positive step that they've come to an agreement," said ...

Premium Content (PAID Subscription Required)

"UPDATE 2-GM bonds rise, default swaps narrow on labor deal" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×