US auto debt draws interest despite smaller yield


By Richard A. Bravo NEW YORK, Oct 17 (Reuters) - Despite racking up Herculean gains in the U.S. corporate bond market over the past year, the auto sector can still draw investor demand, even with yield margins diminishing. Auto paper tightened around 20 to 30 basis points this week after Ford Motor Co.'s earnings beat analyst's estimates and General Motors Corp. reported upbeat results. It tops off a remarkable turnaround for the companies' bonds and credit default swaps as investors ...

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