FOLLOWING A week of relative spread stability, an improving secondary market, and several successful primary transactions, bankers are adopting a much less pessimistic attitude towards the short term future of the Eurobond market. The success of deals from the World Bank and Sweden in fixed rate dollars has improved sentiment considerably. "The market is convalescing nicely," said one banker, "and deals like World Bank and Sweden have helped that recovery a lot."
November 21, 1997