The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Les H	1/29/2009 5:47:53 PM
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Commercial paper volumes tumble Drop may reflect issuers' use of other credit markets, says one analyst By Laura Mandaro, MarketWatch Last update: 2:37 p.m. EST Jan. 29, SAN FRANCISCO (MarketWatch) -- Outstanding commercial paper fell the most ever this week, Federal Reserve data showed Thursday, but the decline likely reflected companies' ability to issue other types of debt rather than a fresh bout of investor panic. Outstanding commercial paper fell $98.8 billion in the week ended Jan. 28, to $1.59 trillion. That was the largest weekly decrease since the Fed started tracking volumes of this short-term corporate debt in 2001. Levels haven't been this low since the last week of October. marketwatch.com

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