Commercial Paper Market in U.S. Expands for 12th Week, Fed Says
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The market for corporate borrowing through commercial paper expanded for a 12th week as non-financial short-term IOUs rose to the highest level in four years.
The seasonally adjusted amount of U.S. commercial paper advanced $27.8 billion to $1.133 trillion outstanding in the week ended yesterday, the Federal Reserve said today on its website. That’s the longest stretch of increases since the period ended July 25, 2007, and the most since the market touched $1.147 trillion on Aug. 17, 2011.