US Corp Bonds - Tone begins firm, autos narrow

Newswire

By Richard A. Bravo NEW YORK, Oct 27 (Reuters) - Yield margins in the U.S. high-grade corporate bond market began Monday around one to two basis points tighter, with auto names rallying early but giving up some gains to remain marginally tighter to unchanged. "There isn't a lot of activity today, but things are looking a little better," said one trader. The automobile sector took a hit last week after Standard & Poor's downgraded DaimlerChrysler's credit rating and warned that it ...

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