Barely skipping a beat, origination in the ABCP market was robust last month, with several conduits substantially increasing program size. Outstandings in the market increased approximately $22 billion, or 3.3% to $691 billion, according to the Federal Reserve.

Overall commercial paper outstandings also increased approximately $9 billion, its first gain since April, which corresponds to recent demand for short-term investments. In August, the overall CP market had fallen approximately $40 billion. Asset-backeds now account for just less than 49% of the entire commercial paper market.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.