WSJ:
Nearly two weeks after the Federal Reserve announced it would step in to support commercial paper, investors are still uncertain whether it will be enough to jump-start the $1.45 trillion dollar debt market.The Federal Reserve's facility, which becomes operational on Monday, Oct. 27, will allow highly rated companies to tap the government for three-month loans that are crucial to their daily operations. This is good news for cash-strapped companies that have been struggling for more than a month to find financing for longer than just one day.
We'll see how rates react to this new facility.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2cnw6jQS58LIdXuuD5uO1MGidhHI6FIzc_rlmo0XR1YZKrwwrecQx1JU1yUAO5w66TlVJ1wp6GWhxU142oSbEKmHNUk2LmmbLEIFVfNeszldPS0mOWssvpXs2pRegsg8ikmLFpR6dEjk/s400/CP.png)
Source: Federal Reserve
No comments:
Post a Comment