US CREDIT-GM fallout creates high-yield bargains

Newswire

By Dena Aubin NEW YORK, March 29 (Reuters) - General Motors Corp.'s headline-grabbing troubles may have created buying opportunities for high-yield credit investors after two weeks of selling hurt risky credits overall. High-yield credit spreads have widened on worries that the market will be overwhelmed by $44 billion in new supply if GM's massive debt gets downgraded to junk status, especially at a time when inflation fears are resurfacing. Such fears may be exaggerated, though, some ...

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