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Article: Credit markets stage a comeback, for now
- Article from:
- International Herald Tribune
- Article date:
- April 6, 2009
- Author:
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Jack Healy The New York Times
International Herald Tribune
04-06-2009
Credit markets stage a comeback, for now
Byline: Jack Healy The New York Times
Edition: 4
Section: FINANCE/BUSINESS
NEW YORK: --
It is hard to miss the news: The stock market has been on a bit of a roll lately. But with far less fanfare, the U.S. credit markets, where this financial crisis began, are also showing signs of a spring awakening.
Companies with good credit are borrowing more money in the bond markets. Confidence in the banking industry seems to be returning. Even junk bonds, those high-risk corporate debts, are luring brave souls again.
The revival is tentative and, like the gains in the stock market, might well ...