US Corp bonds - Spreads wider, GM sale in wings

Newswire

By Dena Aubin NEW YORK, June 23 (Reuters) - U.S. corporate bond yield spreads opened slightly wider on Monday, while automakers' bonds saw more significant weakness following Friday's news of a $13 billion debt issue from General Motors Corp. and its finance unit. "People are obviously trying to set up for all the onslaught of supply coming up this week," said one corporate bond trader. Spreads, the extra yields that corporate bonds pay over Treasuries, widened by about 0.01 to 0.02 ...

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