Bloomberg says "​Asset-​Backed Paper Grows for First Time Since August". While the overall commercial paper outstanding jump -- CP overall grew by $​13.​2 billion to $​1.​799 trillion -- was somewhat seasonally adjusted (​see Fed numbers), the rebound in asset-​backed CP was indisputable. ABCP grew by $​26.​3 billion to $​774 billion, the first signs of a reversal in a 5-​month slide. The Bloomberg article cites a UBS report, "Banks have taken $​278 billion of SIV assets onto their books.... SIVs will likely be forced to retire another $​125 billion of medium-​term notes with maturities up to 18 months and $​50 billion of asset-​backed commercial paper."

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