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Corporate America Embraces Short-Term IOUs as Free Money Ends.

Authors :
Harris, Alexandra
McCormick, Liz Capo
Pitcher, Jack
Source :
Bloomberg.com; 7/27/2022, p96-96, 1p
Publication Year :
2022

Abstract

The Fed had to similarlysupport the commercial paper market after Lehman Brothersfailed. (Bloomberg) -- Blue-chip companies that need to borrow inthe US now are increasingly relying on short-term IOUs toavoid locking in longer-term borrowing costs in a marketbeset by turbulence. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
158218028