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".

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