The Commercial Paper Market: Headwinds and Bright Spots | Practical Law
According to recent data from the Federal Reserve, the commercial paper market has contracted to about half its July 2007 peak of $2 trillion. The euro zone crisis, economic weakness in the US, and the availability of low-interest, long-term loans and bonds have all served to chill the commercial paper market. However, according to a report by Fitch Ratings, certain borrowers that traditionally have not been significant issuers of commercial paper are increasingly using commercial paper to satisfy short-term funding needs.