FT.​com says "​Commercial paper activity shows signs of steadying". "The commercial paper market showed significant signs of stabilising on Thursday, suggesting short-​term investors that have driven a dramatic shrinkage in the market may have largely completed their exit from commercial paper backed by mortgages and other assets," says the FT. The paper quotes Peter Crane, "​Since problems in the commercial paper market began, much of the paper has probably already turned over.... Contraction in CP is not a sign of weakness, it'​s one of strength as issuers are escorted in an orderly manner out of the market."

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