US Corp Bonds - Autos give spreads a boost

Newswire

By Richard A. Bravo NEW YORK, Oct 29 (Reuters) - Yield margins in the U.S. high-grade corporate bond market were slightly tighter during Wednesday's session, taking a cue from the auto sector where spreads moved in around five basis points. In the primary market, DaimlerChrysler AG's new $1.5 billion offering of 10-year global notes had received nearly $5 billion in orders, even though Standard & Poor's had cut the auto giant's long-term credit rating just last week. That issue is ...

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