Mr. Schulman is not the first one to try to market paper hangers; the first design was registered with the United States Patent Office in 1922.
So the real yield on money market paper falls below zero.
The money market paper will ride upward with interest rates but, even so, will return only $15,500.
Apple, Cisco and even Google get criticized for amassing too much liquidity, mostly money market paper earning peanuts.
Since then the private-label mortgage-securities market (paper issued by banks, not Freddie and Fannie) has started to percolate.
Emerging market paper has rallied, narrowing its average spread over Treasurys from 740 basis points, when Salomon took over, to a recent 410.
Multisector bond funds have outpaced other types of bond funds except for high-paying emerging market paper (up 13.3% annually over three years) and domestic junk bonds (8.4%), both, of course, riskier.
We also compared and reflected the mill quality paper prices with the prices from the Official Statistics of Finland [48] and the RISI [51], which both present the latest market paper prices in Europe.
The mass-market papers in Lahore and Karachi, he said, were powerful motors of anti-American sentiment in Pakistan.
