Friday, April 20, 2012

Outstanding Contraction!: Commercial Paper Outstanding April 2012

The Commercial Paper (CP) market is essentially a private debt market used by corporations as a generally cheaper means of funding typical recurring operations than drawing on a line of bank credit.

Commercial paper, as financial instrument, is by no means a recent innovation and, in fact, you can read about how the CP market was affected by the many historic financial shocks experienced by the U.S. (read Panic on Wall Street: A History of America’s Financial Disasters)

Although the Federal Reserve was able to artificially bring CP rates down significantly since the shocking 615 basis point spread blowout (A2/P2 spread) of late 2008, they had not been successful in preventing an overall contraction in the CP market.

The Federal Reserve calculates and published the total amount of CP outstanding every week and as of mid-April commercial paper generally appears to be trending lower contracting at a rate of 15.23% on a year-over-year basis to $932.60 billion, a level that is still substantially lower than even the worst periods of the last two recessions.

12 comments:

  1. Anonymous2:22 PM

    I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.
    homes for sale irvine

    ReplyDelete
  2. Real estate Sandpoint
    Inland Northwest Realty website featuring real estate in Northern Idaho.Inland Northwest Realty for buying and selling real estate in Bonner, Boundary, and Kootenai Counties of Northern Idaho.

    ReplyDelete
  3. Interesting. Have always wondered what the term "commercial paper" meant. It should have a different name though, who the hell would want to own an asset called commercial paper, it sounds like something crappy!

    ReplyDelete
  4. I have learned so many interesting things from your blog.

    ReplyDelete
  5. Very interesting blog!...
    Commercial Vans

    ReplyDelete
  6. it is really my hornor to have a view at your blog,it is really good.

    ReplyDelete
  7. Thanks a lot for your information. It gives more information and its very useful for me.Commercial Vans

    ReplyDelete
  8. Anonymous9:22 PM

    nice posting.. thanks for sharing.

    ReplyDelete
  9. Good indeed! Thanks for this particular!

    ReplyDelete
  10. I liked your article, I will share your article to everyone!!




    GW2 Gold|Guild Wars 2 Gold|Buy GW2 Gold|RS gold

    ReplyDelete
  11. The size istanbul real estate of an apartment or in square
    istanbul real estate feet or meters. In the United States
    istanbul real estate, this includes the area of "living space", excluding the
    garage and non-istanbul real estate-living spaces. The "square meters"
    figure istanbul real estate of a house in Europe may report the
    total area of the wallsattached garage and non-living spaces,istanbul real estate
    which istanbul real estate makes it
    definition has been used istanbul real estate.

    It istanbul real estate can be described more of
    rooms istanbul real estate. A studio apartment has a no
    (istanbul real estate possibly a
    separate kitchen istanbul real estate). A one-bedroom or
    dining room separate istanbul real estate from the bedroom. Two bedroom,
    three bedroom, istanbul real estate and larger units are common.
    (apartment for sale in istanbulA bedroom is defined as a
    room with a apartment for sale in istanbul closet for clothes
    storage.apartment for sale in istanbul)

    In recent years apartment for sale in istanbul, many
    recognized apartment for sale in istanbul that the
    real estate laws can be investment apartment for sale in istanbul
    in apartment for sale in istanbul many developing countries.
    In most apartment for sale in istanbul societies,
    rich apartment for sale in istanbul and poor,
    a apartment for sale in turkey significant
    the total apartment for sale in turkey wealth
    and buildings apartment for sale in turkey.

    ReplyDelete
  12. In most istanbul property advanced economies,
    used by small companies istanbul property to purchase
    and buildings istanbul property is mortgage
    (istanbul property or other instruments)
    istanbul property. These are loans property itself.
    Banks are willing to make such istanbul property loans at favorable
    in large part because istanbul property, if the borrower does
    not make payments istanbul property, the lender can foreclose by
    filing a istanbul propertycourt action which allows them to take
    back the property istanbul property and sell it to get their money
    back istanbul property. For investors, profitability
    by using istanbul property an off plan
    to purchase at a lower price which is istanbul property often the
    case istanbul property in the pre-construction phase of
    development istanbul property.

    The istanbul property legal arrangement for the right to occupy a dwelling in
    some housing tenure apartment for sale istanbul.
    Types apartment for sale istanbul of housing tenure
    include apartment for sale istanbul istanbul
    (apartment for sale istanbul individually
    in a single building apartment for sale istanbul),
    squatting, and cohousing apartment for sale istanbul.
    The occupants of aconstitute a apartment for sale istanbul household.
    Residences can be classified by apartment for sale istanbul, if,
    they are apartment for sale istanbul and
    land. Different types flat for sale in turkey of for
    the same physical type. For example, might flat for sale in turkey

    ReplyDelete