Commercial paper issuance is strong and resembles the robust recovery in corporate activity that took place after the financial crisis. The level of commercial paper outstanding is mirroring the increase in economic activity that began in the fourth quarter of last year. Despite the recent ... READ MORE >
commercial paper
Fed and Treasury create Commercial Paper Funding Facility to ease credit stress
The U.S. Treasury on Tuesday granted the Federal Reserve 13(3) authority under Dodd-Frank that permits the central bank to take steps under exigent and unusual circumstances to stabilize financial markets and the economy. The U.S. Treasury stepped forward with a $10 billion backstop to fund a ... READ MORE >