Short-term debt markets appear to be stabilizing

07/9/2008 | Wall Street Journal, The

Banks are moving back into some forms of debt that some had seen as too dangerous, signaling a return of stability to short-term debt markets. The trend also suggests a Federal Reserve push to inject stability into short-term debt markets is paying off. "We're not seeing a resurfacing of flare-ups" in short-term funding markets, said George Goncalves, chief Treasury strategist at Morgan Stanley.

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