U.S. Commercial-Paper Market Slumps for 12th Week (Update1) (Bloomberg)

Written by Admin on July 2nd, 2009 in Uncategorized.

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July 2 (Bloomberg) — U.S. commercial paper outstanding slumped for a 12th week in a row, bringing the total contraction since April 8 to 26 percent, the sharpest on record, according to the Federal Reserve.