THE MTN IS READY FOR EUROPE
“In January 1985, 25 leading economists on Wall Street forecast where interest rates would be a year later,” recalled John Gilliam, member of one of the world’s most exclusive clubs, the partnership of Goldman, Sachs. “And 23 of them were dead wrong. If they cannot forecast rates successfully, it’s not surprising that corporate treasurers reckon that averaging the cost of a portion of your funds is not a bad idea at all.”
In the last three years, medium-term note outstandings have increased five-fold.
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