Possible Signs of Lenders Loosening Grip
SOURCE: CNN Money
Frozen pipelines show signs of a thaw as the overnight and 3-month bank-to-bank rates edge lower. Treasury prices churn.
The credit markets showed further signs of improvement Thursday, as bank-to-bank lending rates eased further away from recent highs but there is still a long way to go before breaking out the champagne.
Another key form of lending to major businesses and banks, known as commercial paper, remained tight with the market contracting for five straight weeks. Total outstanding commercial paper fell 2.6% in the last week and, while that was another drop, the pace of the decline was easing.
Read full story »
Frozen pipelines show signs of a thaw as the overnight and 3-month bank-to-bank rates edge lower. Treasury prices churn.
The credit markets showed further signs of improvement Thursday, as bank-to-bank lending rates eased further away from recent highs but there is still a long way to go before breaking out the champagne.
Another key form of lending to major businesses and banks, known as commercial paper, remained tight with the market contracting for five straight weeks. Total outstanding commercial paper fell 2.6% in the last week and, while that was another drop, the pace of the decline was easing.
Read full story »
