"U.S. Commercial Paper Drop Slows After Fed Cuts Rates

Sep 28 07

Bloomberg.com: "U.S. Commercial Paper Drop Slows After Fed Cuts Rates. "The decline in the U.S. commercial paper market slowed last week ... falling $13.6 billion ... to a seasonally adjusted $1.86 trillion, including a $17.3 billion decline in asset-backed commercial paper, according to the Federal Reserve," said Bloomberg.com. The story added, "The decline is smaller than the previous week's drop of $48.1 billion, a sign that buyers are starting to return to the market after the Fed's half-point reduction Sept. 18 in its benchmark interest rate."

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