The financial sector and credit markets have improved dramatically but the overall picture is still mixed, U.S. Treasury Secretary Timothy Geithner said on Tuesday.

The financial sector story is in a much stronger position than it was but it's a mixed picture, Geithner said at a conference sponsored by the Securities Industry and Financial Markets Association. The price of credit has come down dramatically.

(Reporting by Walden Siew and Al Yoon, Editing by Chizu Nomiyama)