However, the interest rate spread is tightening:
For the week ending September 19, the asset-backed commercial paper market decreased $15.8 billion. It decreased $14.3 billion the previous week.
The decrease in the interest rate spread is welcome news, but the market is still contracting.
2 comments:
You are too early. This week data will be posted after 9am.
Who's providing the money for the issuers to pay off the paper? Is this all going to show up as bank loans? Or is corporate cash going to start melting away (and stock buybacks disappear)?
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