Auto LCDS Tighten On UAW Talks

20 Sep 2007

Auto loan-only credit default swaps were tighter on news General Motors and United Auto Workers contract negotiations were going better than past discussions.

Auto loan-only credit default swaps were tighter on news General Motors and United Auto Workers contract negotiations were going better than past discussions. General Motors LCDS were trading around 285 Wednesday in from the 345-365 range. It had been wrapped around 355 Sept. 14. Ford Motor Co.'s LCDS ...

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