U.S. commercial paper market recovers a bit compared to last week
The size of the U.S. commercial paper market rebounded slightly in the latest week after last week’s huge drop, suggesting some stability in this critical part of the credit market.
These short-term IOU’s – which many companies rely on to fund their daily operations — rose $3.9 billion to $1.484 trillion in the week ended Wednesday, according to Federal Reserve data released on Thursday. It fell $44.2 billion in the prior week.