Ford Motor Co.'s loan-only credit-default swaps were active last week, trading about seven basis points tighter to the 200-210 bps range Wednesday and then widening a few points Thursday. One trader suggested it traded tighter on the back of Ford's unsecured CDS tightening the last couple of weeks (see story, page 7).
At the beginning of last week, Ford reported its December sales totaled 233,621, down 13 percent as compared with a year ago. "They posted generally inline numbers for December," one trader said. A Ford spokeswoman declined comment.
