Commercial paper drops $22.9B, to $1.064T outstanding, the second week of sharp declines as...

|By:, SA News Editor

Commercial paper drops $22.9B, to $1.064T outstanding, the second week of sharp declines as companies continue to issue long-term debt, the Fed reports. Also a factor: Companies flush with cash. The market's half the size of its August 2007 peak of $2.2T.