- The amount of short-term corporate IOUs fell to $996.6B for the week ended Sept. 2, 2020, the Federal Reserve reports in its latest data on commercial paper, bringing it to the lowest level in more than three years, according to Bloomberg data.
- The amount fell from $1.01T, on a seasonally adjusted basis, in the prior week.
- Financial CP slipped to $550.8B from $560.9B in the previous week, while CP issued by nonfinancial companies remains near its lowest levels since 2013, Bloomberg reports.
- The amount of CP declines as closures of prime money-market funds, typically significant buyers of commercial paper, increase : Bloomberg.
- Money market ETFs: MINT, NEAR, ICSH