Vincent Boberski
Just before the auto downgrades, the director of fixed-income research at RBC Dain Rauscher in Chicago talked about his outlook for the corporate bond market
The auto sector has been a central issue in the markets so far this year, with a downgrade to junk expected for General Motors by the end of the year. What is your outlook for the sector and how do you think the market will handle the effects of GM, and possibly Ford and the auto suppliers, dropping to below investment grade?
It doesn’t take a genius to see that the auto sector is in poor fundamental shape. Zero-percent financing proved to be a great marketing tool, but the demand for cars
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