"Treasurys Gain, Yields Decline"

Aug 31 07

"Treasurys Gain, Yields Decline". The Wall Street Journal puts a more positive spin than Bloomberg on the Federal Reserve's recent weekly commerical paper supply numbers. "The declines in commercial paper outstanding were smaller than the previous weeks. And it seems the problems aren't spilling over from the asset-backed sector to the broader market. The piece adds, "Still, while investors remain averse to anything tainted by mortgage exposure, there are large parts of the commercial-paper market that are functioning relatively smoothly."

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