Friday, October 31, 2008

1 Year Graph: 30-day Asset-Backed Commercial Paper Yield


(click on image to enlarge)

BOTTOM LINE: The 30-day asset-backed commercial paper yield is plunging another 34 basis points today. This is the rate that highly rated companies pay for their short-term funding needs. The yield has plummeted 165 basis points in two weeks. This is a large positive.

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