US Corp Bonds-Weak as stocks fall and GM revs up sale

Newswire

By Nancy Leinfuss NEW YORK, June 23 (Reuters) - U.S. corporate bond yield spreads were dragged wider on Monday, amid falling stocks and as an upcoming huge $13 billion bond sale from General Motors Corp. and its finance arm weighed on the market, traders said. Spreads, the extra yields that corporate bonds pay over Treasuries, widened by about 0.03 to 0.05 percentage point overall, while bonds of automaker widened by as much as 0.15 percentage point, traders said. "Stocks are down, ...

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