Third-quarter earnings and the appointment of Frank Newman as the new chief executive officer at Bankers Trust New York Corp. were well received by the bond market.
The premium investors demand to trade bonds fell last Thursday,
Confidence had been shaken by a recent "negative outlook" notice by
Some analysts said the bond rebound was, in part, attributable to the
"I think that brings them back to about square one," said Jean I.
Moody's had placed the company on negative outlook following the
Analysts said, however, the earnings report and the new executive
"Mr. Newman adds a lot of credibility to the bank," said Ethan M.
"I'm delighted with the day's developments," said Ms. Sievert, who