How Is The Commercial Paper Market Doing Now, and How Does It Work? USA Today's "Commercial paper is still worth a lot of money" explains
how commercial paper works and gives an update on the status of the market. "
What'
s the future of the commercial paper market?
Most people I speak to say commercial paper sold by strong companies will continue to be healthy. And even asset-
backed paper, backed by high-
quality assets, will be fine. But the days of mortgage-
backed commercial paper sales may be numbered.
The commercial paper market is seen as a place only for elite issuers, and mortgage-
backed commercial paper has demonstrated that it doesn'
t fit that definition in many cases," says the piece. See
Crane Data's September issue of the monthly
Money Fund Intelligence for more on
money funds, asset-backed commercial paper, and current market news.