1. Bonding with Buyers.
- Author
-
Levinsohn, Alan
- Subjects
- *
CORPORATE bonds , *INVESTORS , *FEDERAL funds market (U.S.) , *INTEREST rates , *INTEREST rate swaps , *BANKING industry , *INVESTMENT interest - Abstract
The article focuses on the popularity of corporate bonds with investors. It states that the attraction of bonds is due to low rates and investor enthusiasm. It mentions that the U.S. Federal Reserve Board lowered the federal funds rate (FFR) target to 1% in 2003. It comments that FFR is what banks charge each other for overnight funds, and that this helps indicate the direction of interest rates.
- Published
- 2003