The Great Escape?

Hopes run high that the worst of the credit-market turbulence has passsed, but are we really there yet?

May 12, 2008

Sentiment about US credit markets has improved in recent weeks, thanks in part to a March bailout of Bear Stearns orchestrated by the Federal Reserve as well as a steady campaign by the US central bank to improve liquidity of fragile capital markets. The slight uptick in confidence is reflected in narrower yield premiums in a variety of debt markets, as well as a pickup in the issuance of a variety of debt and equity securities.

The full article is available to IDD Magazine subscribers only

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.