​ Intrepid Money Market Fund Managers Backing Up Truck on ABCP Issues. In what one investor described as a "time for deep value", a number of money fund managers and large investors are taking advantage of some almost 6% yields available in the asset-​backed commercial paper market. "​We'​re comfortable with some of the ABCP issues out there and we are taking advantage. We'​re gunning up," said one investment manager. Many funds will only buy ABCP programs backed by big banks. Though many of course continue to worry about investor concerns and "​headline risk", the still-​huge ABCP yield premiums are just too tempting for some. Most are understandably shy about going on the record at this point, but we will name names and tell who'​s buying in the upcoming September issue of Money Fund Intelligence.

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