​ Bloomberg Reviews Commercial Paper Market "​Contagion" and Rollovers. In today'​s article, "​Commercial Paper Roils Borrowers With $​550 Billion Coming Due", Bloomberg.​com discusses the state of the commercial paper market and reviews the current yield spreads and extensions of asset-​backed CP to-​date. "​Now, asset-​backed commercial paper with a maturity of 30 days or less yields 6 percent on average, and corporate borrowers pay about 5.​2 percent. Investors aren'​t buying extendible commercial paper," says the article. (​See average rates on the Federal Reserve'​s CP site.) While perhaps not as orderly an exit as the market would like, the article shows the winddown process of CP and why even the extendible CP is still highly rated and likely to pay investors in full.

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