Hey, my GM and GMAC bonds are up this AM and the yield is down... This can only mean that people percieves the bailout closer to fruition... or that the market will tank even further within a deeper, darker recession ? Probably the later since treasuries are up also.
Are the bonds pricing in the FED rate cut already ? The CPI report signaled deflation, that may be it.
In any case, the closer we get to a GM bailout, the better. SIRI will most likely not survive without that stream of revenue that GM provides... Unless of course they get deals with NISSAN, TOYOTA and HONDA, do they have those in place ?