​ Extendible ABCP Troubles Trigger Rare Wall Street Journal CP Article. Today'​s Wall Street Journal features "Commercial Paper Shows Some Stress", one of only a handful of stories the Journal has ever run on the CP, or commercial paper, market. It discusses the recent extensions of ABCP, and estimates that "[​E]​xtendible asset-​backed commercial paper makes up about 12% to 13%, or around $​144 billion to $​156 billion, of the $​1.​2 trillion asset-​backed commercial-​paper market." Fitch'​s AJ Santos told Dow Jones that ABCP "​borrowings secured by bundles of home loans accounted for about 10% to 12% of the market in the first quarter".

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Money Market News Archive