But credit market participants said a Salomon departure would not have much impact.
Statistics with that sort of cant are generally not well received by credit market participants.
But for credit market participants the implications of the discussion seem ominous.
Yesterday's announcement ended speculation among credit market participants about what the Treasury would do.
For many credit market participants, those debt sales will be the last significant events of 1991.
Such statements had been expected by most credit market participants.
For weeks, most credit market participants have operated under the assumption that output would continue to contract well into 1991.
Short-term interest rates are likely to move erratically higher this week as credit market participants close their books on 1988.
Until last Friday, many credit market participants made big bets that interest rates would continue to slide.
For the second day, the Fed surprised credit market participants by taking no action to prevent a further rise in short-term rates.
But credit market participants said a Salomon departure would not have much impact.
Statistics with that sort of cant are generally not well received by credit market participants.
But for credit market participants the implications of the discussion seem ominous.
Yesterday's announcement ended speculation among credit market participants about what the Treasury would do.
For many credit market participants, those debt sales will be the last significant events of 1991.
Such statements had been expected by most credit market participants.
For weeks, most credit market participants have operated under the assumption that output would continue to contract well into 1991.
Short-term interest rates are likely to move erratically higher this week as credit market participants close their books on 1988.
Until last Friday, many credit market participants made big bets that interest rates would continue to slide.
For the second day, the Fed surprised credit market participants by taking no action to prevent a further rise in short-term rates.