| | ABCP Newsletter - Week Ending April 2, 2010 It was a very quiet week leading into quarter-end and the Easter Holiday weekend. Most investors stayed in the overnight market as Fed Funds traded between 0.18%-0.19% for most of the week (except for Wednesday, the last day of the quarter). ...more Credit Suisse (4/2/2010)
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| | ABCP Newsletter - Week Ending March 26, 2010 As expected, it was another quiet week in the front-end as the market prepares for the first quarter-end statement period for 2010 this coming Wednesday. Investors kept a considerable amount of their portfolio in the overnight market based on pricing and ...more Credit Suisse (3/26/2010)
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| | ABCP Newsletter - Week Ending November 13, 2009 There were no scary surprises on this Friday the 13th (fun fact: this is the last of 3 "Friday the 13th" occurrences in 2009). The week was business as usual for the ABCP market, as we continued to see very good flows throughout the curve. ...more Credit Suisse (11/13/2009)
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| | ABCP Newsletter - Week Ending November 6, 2009 The ABCP market saw very good flows this week, particularly in the 3 month and shorter maturity range (with a few large investors taking interest in the six month range). Pricing levels came in by about 1 basis point across the board, as demand continued ...more Credit Suisse (11/6/2009)
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| | ABCP Newsletter - Week Ending October 30, 2009 Two down, less than half of one to go. The CP market is inching ever closer towards weaning itself off of the Fed's life support programs, with the AMLF and MMIFF having zero utilization and the CPFF dwindling down towards zero. This week and next we ...more Credit Suisse (10/30/2009)
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| | ABCP Newsletter - Week Ending October 23, 2009 We are starting to sound like a broken record, but there was very little change in market activity from last week to this week. We continue to see lack of supply and tight levels along with a number of issuers funding into January and February. ...more Credit Suisse (10/23/2009)
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| | ABCP Newsletter - Week Ending September 25, 2009 This past week we saw the Federal Reserve leave interest rates unchanged and continue the process of winding down the emergency programs put in place during the financial crisis. As the healing process in both the ABCP market and the broader ...more Credit Suisse (9/25/2009)
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| | ABCP Newsletter - Week Ending September 18, 2009 This week was a markedly busy one on CP market participants' calendars as many commercial paper market professionals attended the iiBIG Commercial Paper Executive Summit in New York. Additionally, the ABCP market, along with the broader ...more Credit Suisse (9/18/2009)
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| | ABCP Newsletter - Week Ending September 11, 2009 ABCP flows were mixed coming off of the holiday weekend. We saw investors for the most part roll their positions but their appetite seemed limited. The sheer fact that the curve is flat 3 months and in (with 3 month LIBOR at 29 bps, 1 month LIBOR 25 bps, ...more Credit Suisse (9/11/2009)
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| | ABCP Newsletter - Week Ending August 14, 2009 Much of the same this past week for ABCP. The FOMC meeting did little to change the front end of themarket as the limited amount of supply from ABCP issuers continues to drive most of the action. Levelswere able to creep down ever so slightly as Top ...more Credit Suisse (8/14/2009)
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| | ABCP Newsletter - Week Ending August 7, 2009 We seem to be wading in the warmer and calmer August ocean water, with not much fluctuation in terms of flows or levels this week. Most of the top-tiered issuers were trying to get done in 1 month maturities below a 0.25% level, but that proved to be a ...more Credit Suisse (8/7/2009)
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| | ABCP Newsletter - Week Ending July 31, 2009 Another snoozer this past week in the ABCP market. Demand outweighed supply and levels crept in ever so slightly. The only point of interest was the major rolls that took place in the CPFF facility this past week, which will continue into the week of ...more Credit Suisse (7/31/2009)
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| | ABCP Newsletter - Week Ending July 24, 2009 Another predictable week for ABCP. Outstandings shrinking, levels basically unchanged and no shocking downside news out of the financials reporting earnings this past week. In other words, it was probably a good week to be on vacation. The week of the ...more Credit Suisse (7/24/2009)
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| | ABCP Newsletter - Week Ending July 17, 2009 The recent decline in supply in the ABCP market has improved levels for most issuers and is causing compression in the front end; however, the focus is bound to shift from a functioning market to a dwindling market. Although the recent CP data yesterday ...more Credit Suisse (7/17/2009)
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| | ABCP Newsletter - Week Ending July 10, 2009 It was a solid week for ABCP as issuers saw strong demand for their paper 3 months and in. Three month LIBOR continued to trickle down about one basis point per day and is poised to break through 50 bps next week. As LIBOR continues its descent ...more Credit Suisse (7/10/2009)
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| | ABCP Newsletter - Week Ending July 3, 2009 It was an uneventful quarter-end in the ABCP market as most issuers had financed themselves over the turn the previous week. Levels for issuers as we started the new month were basically unchanged. LIBOR seems anchored for 2 months and in ...more Credit Suisse (7/3/2009)
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| | ABCP Newsletter - Week Ending June 26, 2009 To start the week, the ABCP market experienced some quarter-end pressures, which is just another step towards normalizing. The Fed Funds rate continued to trade at the higher end of the target and with 1 month LIBOR at 31 bps, most investors saw no ...more Credit Suisse (6/26/2009)
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| | ABCP Newsletter - Week Ending June 19, 2009 The week started off slow with corporate tax day on Monday, which helped Fed Funds to stay around the 25 bp open level and caused investors to have little new cash to spend in the term market. With overnight commercial paper trading at roughly the same ...more Credit Suisse (6/19/2009)
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| | ABCP Newsletter - Week Ending June 12, 2009 A fairly quiet second week of the month as the ABCP market continues to shrink and it feels like the bulk of issuers' financing needs for the month have been met. Levels for some issuers are starting to creep slightly higher, especially in 1 month, ...more Credit Suisse (6/12/2009)
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| | ABCP Newsletter - Week Ending June 5, 2009 The ABCP market continues to roll on as investor interest in the product remains fairly robust for most issuers. The market is being helped by a slow decline in outstandings, as ABCP is now sitting at $577 bn on an adjusted basis. Levels for most issuers ...more Credit Suisse (6/5/2009)
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| | ABCP Newsletter - Week Ending May 29, 2009 Well another summer in the ABCP market is upon us and hopefully it is nothing like 2007 and 2008. With safety nets in tow, everyone can break out the beach blankets and dip their toes in the ocean (don't forget about enjoying a margarita or two!). ...more Credit Suisse (5/29/2009)
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| | ABCP Newsletter - Week Ending May 22, 2009 We saw strong investor demand for ABCP early in the week primarily for 1 to 3 month paper; however, as issuers tightened their pricing with LIBOR's drop each day, investors balked at the levels and flows diminished. It felt like we may have reached the ...more Credit Suisse (5/22/2009)
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| | ABCP Newsletter - Week Ending May 15, 2009 This past week we saw a great deal of interest in ABCP, especially in 2 and 3 month maturities. With robust participation from both the investor and dealer community, issuers were able to lower their levels quite dramatically. LIBOR continued its ...more Credit Suisse (5/15/2009)
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| | ABCP Newsletter - Week Ending May 8, 2009 As the ABCP market was cruising along these past few weeks and shrugging off many of the broader markets headlines, we were bracing for the next possible hurdle which was the bank stress test data set to be released on May 7th. As information was ...more Credit Suisse (5/8/2009)
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| | ABCP Newsletter - Week Ending May 1, 2009 Although we were coming into month-end this past week, ABCP had another good week in terms of
investor interest. With yields on the stronger names barely above sea level, some investors went out to 100 days in an attempt to pick up some extra yield. ...more Credit Suisse (5/1/2009)
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| | ABCP Newsletter - Week Ending April 24, 2009 It was a quiet week for the ABCP market in terms of supply leading into month-end and this led to issuers again being able to fill their needs very quickly. We continue to see good investor demand out to three months, with a few six month trades starting ...more Credit Suisse (4/24/2009)
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| | ABCP Newsletter - Week Ending April 17, 2009 ABCP issuers enjoyed a good week in terms of flows and levels. Due to a weakening in supply, flat demand, and increased dealer participation, most ABCP issuers filled their financing needs very quickly throughout the week. Spreads to LIBOR for some ...more Credit Suisse (4/17/2009)
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| | ABCP Newsletter - Week Ending April 9, 2009 Short Trading Week and Not Much Activity. We have been saying over the past few weeks that volume has been low and demand is outpacing supply. We can attribute this recent trend to a few reasons but the most obvious one being that conduits are just not ...more Credit Suisse (4/9/2009)
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| | ABCP Newsletter - Week Ending April 3, 2009 Not too Hot, Not too Cold, But Certainly Not Just Right. Goldilocks may have found the right temperature porridge but the ABCP market was unable to find that happy medium this week. The week was characterized by primarily light flows with some term ...more Credit Suisse (4/3/2009)
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| | ABCP Newsletter - Week Ending March 27, 2009 Another quiet week for ABCP where volumes were low and there was more demand than supply. Due to the quiet nature of the ABCP market this past week, both issuers and investors were afforded the time to watch the circus that was happening in Washington ...more Credit Suisse (3/27/2009)
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| | ABCP Newsletter - Week Ending March 20, 2009 This past week we saw a good deal of buying Wednesday through Friday by both the investor and dealer community. With rates expected to be pushed down in the near term after the historic announcement from the Fed on Tuesday, investors looked ...more Credit Suisse (3/20/2009)
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| | ABCP Newsletter - Week Ending March 13, 2009 Although this past week started off slow in terms of flows, with investors remaining in their defensive posture, the remainder of the week was slightly better with some rays of sunshine. We saw a pick-up in
interest for most issuers 2 weeks and out and a ...more Credit Suisse (3/13/2009)
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| | ABCP Newsletter - Week Ending March 6, 2009 This past week the ABCP market experienced sluggish volumes and widening levels with investors going back into a very defensive posture. It almost feels like rubbernecking where there were a few bad car accidents this past week and investors are watching ...more Credit Suisse (3/6/2009)
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| | ABCP Newsletter - Week Ending February 27, 2009 This past week was fairly quiet with the bulk of investor interest in names that were already funded for the month. When the stronger named issuers are mostly on the sidelines, the lower-tiered names would typically attract some interest, but that was ...more Credit Suisse (2/27/2009)
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| | ABCP Newsletter - Week Ending February 20, 2009 Within the backdrop of what seems to be never ending negative financial headlines and government stimulus initiatives that have both pros and cons, the ABCP market saw moderate interest this past week. Although volumes were off, the ABCP market ...more Credit Suisse (2/20/2009)
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| | ABCP Newsletter - Week Ending February 13, 2009 Three Out of Five Ain't So bad! As many colleagues were licking their wounds in Las Vegas, those back in the trenches were hoping
some of the pressure that we have been feeling over the past few weeks would subside. We would characterize flows for three ...more Credit Suisse (2/13/2009)
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| | ABCP Newsletter - Week Ending January 30, 2009 Where did it all go? This past week the ABCP market braced itself for the possibility of a fresh amount of supply due to the first maturities within the CPFF. We saw an outflow of $102 bn from the CPFF, decreasing the Fed's total ownership of commercial ...more Credit Suisse (1/30/2009)
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| | ABCP Newsletter - Week Ending January 23, 2009 Volatility Returns, ABCP Comes Under a Bit of Pressure. This past week we saw rates back up and ABCP come under slight pressure. Although we would not characterize the market anywhere near the predicament it was in during the fall of last year, in this ...more Credit Suisse (1/23/2009)
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| | ABCP Newsletter - Week Ending January 16, 2009 The Song Remains the Same. In the face of a deteriorating economy and a financial industry under immense pressure, the ABCP market has become a quiet and forgotten market. As will be stated every week until it no longer exists, the CPFF and ...more Credit Suisse (1/16/2009)
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| | ABCP Newsletter - Special Edition: 2008 YE Summary One for the Books... And One That We Soon Hope to Forget. 2008 will undoubtedly leave a bullet (of the bold varietal) on every economists chart. From Wall Street to Main Street, veterans of business flatly agree that the year has evoked feelings of ...more Credit Suisse (12/30/2008)
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| | US Interest Rate Strategy We believe, while the wholesale taking of credit risk will not return to levels experienced in the middle of this decade, that for growth to return in the US (and indeed the global) economy, will require banks and investors to increase credit risk-taking. ...more Credit Suisse (12/19/2008)
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| | ABCP Newsletter - Week Ending December 19, 2008 This past week we saw an unprecedented move by the Fed, the carnage of one of the biggest scandals in the history of Wall Street, and an ABCP market that has become increasingly very quiet. The Fed lowered interest rates to a range of 0% to 0.25% on ...more Credit Suisse (12/19/2008)
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| | ABCP Newsletter - Week Ending December 12, 2008 "Are we there yet?" It seems like everyone is looking forward to the end of this very challenging and arguably disastrous year. Top tiered ABCP issuers continued to enjoy some of the best spreads vs LIBOR ever this week. The lower tiered issuers are ...more Credit Suisse (12/12/2008)
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| | TLGP Issuance - Hot and Heavy Term, What About Shorter? To date, financial issuers have taken advantage of the program by issuing over $45 billion of term debt insured by the FDIC. Spread to Treasuries have generally remained stable, while on a LIBOR basis, spreads have widened, attributed to the 10-15bp ...more Credit Suisse (12/5/2008)
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| | ABCP Newsletter - Week Ending December 5, 2008 Although we have been surrounded by bleak economic data, extreme volatility in the equity market and the big three saga, the ABCP market seems to have reverted back to being its old boring self. With the
22% or so of a safety net in place for the overall ...more Credit Suisse (12/5/2008)
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| | ABCP Newsletter - Week Ending November 28, 2008 The holiday shortened trading week steered most ABCP volume towards overnight trading. The ABCP market saw a lack of supply from some of the stronger names, as their November financing needs were completed by the end of the previous week. ...more Credit Suisse (11/28/2008)
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| | ABCP Newsletter - Week Ending November 21, 2008 Starting with the statistics: ABCP outstandings experienced a WoW decline of $18.8 bn ($699.5 bn vs $718.3 bn last week). CPFF usage increased by $13 bn to $271 bn from $258 bn last week (face value). AMLF usage declined by $14 bn to $61.9 bn from $76 bn ...more Credit Suisse (11/21/2008)
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| | ABCP Newsletter - Week Ending November 14, 2008 The Plug Is Still In. While the Fed still owns 21% of the commercial paper market, one positive takeaway is that the Fed's hold was only marginally higher than the previous week. The market should continue to monitor this percentage as it is a strong ...more Credit Suisse (11/14/2008)
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| | The Best and the Worst of It: Hedge Funds Break Records in October This October is poised to be the worst month in history for Fixed
Income Arbitrage managers, while the Managed Futures sector posts its best return of the year. The Fixed Income Arbitrage sector suffered significant losses to finish down an estimated 18% ...more Credit Suisse (11/11/2008)
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| | ABCP Newsletter - Week Ending November 7, 2008 The patient remains on the resuscitator. Just looking at this week's statistics, it is evident that the CP market remains on life support with the Federal Reserve now owning 20% of the market ...more Credit Suisse (11/7/2008)
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| | ABCP Newsletter - Week Ending October 31, 2008 Let the healing begin! The ABCP market didn't have to wait until Friday to get the answer to the famed Trick or Treat riddle this week as the market started to see the preliminary effects of the newly implemented CPFF - all of which were positive. ...more Credit Suisse (10/31/2008)
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| | ABCP Newsletter - Week Ending October 24, 2008 The ABCP market had a relatively good week in terms of volumes and rates. Term interest for ABCP remained robust until Thursday, when we saw a drop in levels and, consequently, a drop in term interest.
Spreads to LIBOR for the top tier names in term ...more Credit Suisse (10/24/2008)
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| | ABCP Newsletter - Week Ending October 17, 2008 This past week was very encouraging for ABCP issuers as they started to see more investor interest in term paper and we received more clarity on the CPFF program. After anxious moments all of last week, one would consider this week a breath of fresh air ...more Credit Suisse (10/17/2008)
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| | ABCP Newsletter - Week Ending October 3, 2008 We started this week with the House shooting down the rescue plan on Monday (which resulted in a precipitous drop of the DJIA of over 700 points immediately following the vote) and then passing it on Friday (DJIA drop of 157 points). Although the market ...more Credit Suisse (10/3/2008)
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| | ABCP Newsletter - Week Ending September 26, 2008 This week marked another wild ride across all markets. ABCP issuers were again forced to issue in overnight paper as the investor community remains risk averse and fearful of redemptions. The Asset-Backed Commercial Paper Money Market ...more Credit Suisse (9/26/2008)
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| | ABCP Newsletter - Week Ending September 18, 2008 This was week two of what felt like the longest ten business days of most people's careers. The week marked a historic and stomach-turning one on Wall Street that most can only describe as surreal. It began with another Sunday of everyone's eyes ...more Credit Suisse (9/18/2008)
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| | ABCP Newsletter - Week Ending September 12, 2008 A hurricane ripped through Wall Street this past week as Fannie Mae and Freddie Mac were bailed out by the Treasury, news of trouble at a US financial institution swirled and a few other firms wait in the
wings. Unlike like the summer of 2007, money ...more Credit Suisse (9/12/2008)
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| | ABCP Newsletter - Week Ending August 15, 2008 ABCP flows were quieter than expected this week as some issuers had to raise levels from last week to try and attract longer term funding. Most investors were happy to stay in the overnight market to take
advantage of the higher than normal funds rate ...more Credit Suisse (8/15/2008)
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| | ABCP Newsletter - Week Ending August 8, 2008 Flows started off the week fairly light, as expected in front of the Fed meeting. After what appeared to be Bernanke delicately threading the needle between inflation expectations and growth expectations on
Tuesday, cash came off the sidelines and was ...more Credit Suisse (8/8/2008)
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| | ABCP Newsletter - Week Ending August 1, 2008 The dog days of summer finally kicked in, as it seemed like a good portion of the investor community had gone off on vacation. Fed Funds remained elevated the entire week due to normal month-end pressures. ABCP issuers widened out their levels by ...more Credit Suisse (8/1/2008)
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| | ABCP Newsletter - Week Ending July 25, 2008 ABCP flows were kept very short this week (except for a few select names), despite that funds traded on top of the target until the end of the week. ...more Credit Suisse (7/25/2008)
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| | ABCP Newsletter - Week Ending July 18, 2008 Fed Funds started the week at elevated levels due to corporate tax day and then subsided in the latter half of the week. Spreads for most ABCP issuers widened out slightly for term CP this week given the higher funds rates in the beginning of the week and ...more Credit Suisse (7/18/2008)
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| | ABCP Newsletter - Week Ending July 11, 2008 Quarter end pressure finally subsided on Wednesday and Fed Funds traded on top of the 2% target. With a soft funds rate, ABCP issuers were finally able to enjoy normal flows, with most of the interest in
1 through 3 months (with an emphasis on ...more Credit Suisse (7/11/2008)
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| | ABCP Newsletter - Week Ending July 3, 2008 The week was one to forget. The combination of quarter-end, an elevated funds rate, shortened holiday week and the seemingly never ending story of the credit crisis created a bit of a headache for issuers. Some market participants contend that this ...more Credit Suisse (7/3/2008)
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| | ABCP Newsletter - Week Ending June 27, 2008 The short-end held up surprisingly well during a difficult market week and quarter-end pressures. The FOMC meeting on Wednesday, June 25th set off a massive equity market sell off, oil rally and Eurodollar futures rally after the Federal ...more Credit Suisse (6/27/2008)
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| | ABCP Newsletter - Week Ending June 20, 2008 Fed Funds traded above the target at the start of the week and then moved to trade on top of or slightly below the target for the remainder of the week. LIBOR was basically unchanged for 1 month through 3 months the entire week, with the very front end ...more Credit Suisse (6/20/2008)
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| | ABCP Newsletter - Week Ending June 13, 2008 This was certainly a week to be remembered. It is hard to believe how much rates moved across the board in just one week. On June 9th, 3 month LIBOR stood at 2.69125% and by Friday it was at 2.81375%. This represents the continuation of ...more Credit Suisse (6/13/2008)
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| | ABCP Newsletter - Week Ending June 6, 2008 This past week, Fed Funds finally traded on top of the target beginning Wednesday (which was the first time since May 23rd). With economic uncertainty swirling, the credit markets had their fair share of news
headlines, confirming we have hit another ...more Credit Suisse (6/6/2008)
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| | ABCP Newsletter - Week Ending May 30, 2008 Fed Funds traded at 2 3/8 to 2 7/16 for the entire week due to month-end pressures. The market saw a 3 to 12 bp back up in LIBOR across the curve on Thursday on the heels of a strong Durable Goods release Wednesday which sparked the ...more Credit Suisse (5/30/2008)
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| | ABCP Newsletter - Week Ending May 23, 2008 Fed Funds traded on top of the target for the first part of the week and above the target on Thursday and Friday. LIBOR continued to print lower for 3 months and in, while the longer end of the curve started to widen out. The results of the latest ...more Credit Suisse (5/23/2008)
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| | ABCP Newsletter - Week Ending May 16, 2008 This was a volatile week for LIBOR. On Monday, May 12th, 3 month LIBOR was set at 2.68%, which was unchanged from the previous Friday. Tuesday brought the same level; however, after a speech on Tuesday morning by Angela Knight (CEO of the BBA) to ...more Credit Suisse (5/16/2008)
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| | ABCP Newsletter - Week Ending May 9, 2008 There was a decent amount of interest for ABCP with maturities of 3 months and in this week, particularly after the results of the most recent TAF auction. The TAF auction results came in at a rate
of 2.22%, with a bid to cover ratio of 1.29. ...more Credit Suisse (5/9/2008)
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| | ABCP Newsletter - Week Ending May 2, 2008 CP market activity was predominantly controlled by two events this week: the Fed decision on Wednesday and the Employment Situation on Friday. The Fed's decision to ease 25 bps on Wednesday in conjunction with its statement effectively ...more Credit Suisse (5/2/2008)
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| | ABCP Newsletter - Week Ending April 25, 2008 The CP market saw a decent amount of interest in corporates and banks this week, with limited interest in term ABCP but an abundance of interest in overnight ABCP. LIBOR rates seemed to finally peak for
2 months and in while rates continued to ...more Credit Suisse (4/25/2008)
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| | ABCP Newsletter - Week Ending April 18, 2008 The CP market was dominated by the revelation that the banks who set LIBOR were going to start being truthful about the rates they submit as opposed to setting their rates artificially low. Although most market participants have been aware for some time ...more Credit Suisse (4/18/2008)
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| | ABCP Newsletter - Week Ending April 11, 2008 The CP market saw spotty flows this past week with limited interest in term paper and spreads staying basically unchanged. The investor community continues to keep things close to the vest and spread
their buying out amongst the whole dealer ...more Credit Suisse (4/11/2008)
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| | ABCP Newsletter - Week Ending April 4, 2008 Participants were fixated on three things this week: 1) getting past quarter-end smoothly on Monday, 2) Ben Bernanke's testimony on Wednesday and 3) the employment situation on Friday. As far as we
know, there was no carnage at quarter-end and ...more Credit Suisse (4/4/2008)
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| | ABCP Newsletter - Week Ending March 28, 2008 As quarter-end approached, Fed Funds traded higher and higher as banks horded USD for quarter-end. On average, Fed Funds opened at 2 3/4% this past week and traded at 2 3/8% to 2 7/8%. With the overnight rate being the highest point on the curve, ...more Credit Suisse (3/28/2008)
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| | ABCP Newsletter - Week Ending March 20, 2008 Despite the arrival of Spring this week, it seems to be getting colder and colder in the CP market. Whether this is stemming from quarter-end pressures or negative headlines, the investor community seems content to either stay in very short maturities ...more Credit Suisse (3/20/2008)
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| | ABCP Newsletter - Week Ending March 14, 2008 This week marked another volatile week in the markets starting with the Eliot Spitzer mess and ending with Bear Stearns having to hit the discount window. The CP market spun out the same story as prior
weeks - top tiered corporate names continue ...more Credit Suisse (3/14/2008)
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| | ABCP Newsletter - Week Ending March 7, 2008 While we made it past a difficult month-end, we started the week right where we left off with Fed Funds trading 12 1/2 bps above the target. We did not get a break on funds until Thursday and started to see
limited interest in term CP after that. ...more Credit Suisse (3/7/2008)
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| | ABCP Newsletter - Week Ending February 29, 2008 The week was dominated by weak economic releases and continued negative press about the financial industry. Fed Funds traded on the soft side at the start of the week and then much tighter at the end of the week due to the month-end pressures. ...more Credit Suisse (2/29/2008)
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| | ABCP Newsletter - Week Ending February 22, 2008 The week brought with it another healthy dose of negative headlines out of the financial industry. The disappointing news did not help the ABCP market as investors continued to demand higher yields on their investments. Fed Funds opened the week trading ...more Credit Suisse (2/22/2008)
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| | ABCP Newsletter - Week Ending February 15, 2008 It is starting to get cold out there and I am not talking about the weather. Fed Funds traded on top of the target for the first part of the week and then floated higher on Thursday and Friday. Volume for term
CP, especially term ABCP, was on the light ...more Credit Suisse (2/15/2008)
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| | ABCP Newsletter - Week Ending February 8, 2008 While many participants assembled at the ASF conference earlier this week, the market continued to limp along. We finally got a break on Fed Funds starting on Tuesday when it traded on top of the target and did so for the remainder of the week. ...more Credit Suisse (2/8/2008)
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| | ABCP Newsletter - Week Ending February 1, 2008 Commentary by Credit Suisse's ABCP Trading Desk. The Fed delivered a 50 bp ease on Wednesday, right on the heels of a 75 bp ease the previous week. The Fed continues to remain aggressive, stating that the downside risks to economic weakness ...more Credit Suisse (2/1/2008)
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| | ABCP Newsletter - Week Ending January 25, 2008 It was a wild week on Wall Street. In a surprise move, the Federal Reserve cut the Fed Funds rate by 75 basis points on Tuesday, marking the Fed's first pre-meeting move since 9/11 and the largest
reduction since 1984. The move was largely ...more Credit Suisse (1/25/2008)
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| | ABCP Newsletter - Week Ending January 18, 2008 This week was dominated by negative headlines out of the financials, including the massive losses reported by Citigroup and Merrill Lynch. The week started off decently in commercial paper land with
average volume for corporate, financial and ...more Credit Suisse (1/18/2008)
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| | ABCP Newsletter - Daily Market Update After a nice long weekend and the unofficial end to the summer, investors came into the market today full of energy and a renewed appetite for ABCP. Unfortunately, the appetite was mostly in one tenor, the 24 hour tenor. ...more Credit Suisse (9/4/2007)
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| | ABCP Newsletter - Week Ending August 31, 2007 The question on many market participants minds is when will the ABCP market crisis end or really, the better question is, how can market participants make it end? Some factors that might point towards a light at the end of the tunnel would ...more Credit Suisse (8/31/2007)
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| | ABCP Newsletter - Week Ending August 27, 2007 Although volume was similar to Friday, the market seemed very quiet in comparison. Funds traded at across the whole trading day. There were no real substantial headlines for the CP market today with the exception of the LBBW buyout of Sachsen ...more Credit Suisse (8/27/2007)
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| | ABCP Newsletter - Week Ending August 17, 2007 This past week, ABCP issuers went through the most challenging week since the inception of the market in 1983. Navigating the land mines of negative news, negative rumors, and limited liquidity against the backdrop of a global ABCP ...more Credit Suisse (8/17/2007)
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| | ABCP Newsletter - Week Ending August 10, 2007 The ABCP market experienced its first extension ever on an asset backed extendible note program. Several ABCP extendible programs extended CP and finished with Fed Funds opening at 6%. The
front end of the curve was ...more Credit Suisse (8/16/2007)
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| | ABCP Newsletter - Week Ending August 3, 2007 The liquidity crisis continued in the CP market as many issuers were forced to issue paper overnight. The ABCP market saw record volumes during the week and more is expected next week. Rumors swirled about various programs in the market ...more Credit Suisse (8/3/2007)
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| | ABCP Newsletter - Week Ending July 27, 2007 The credit market suffered a painful blow as a credit crunch quickly ripped through and then permeated every pocket of the markets. The Dow dropped 4.23% over the week and a flight to quality from corporate bonds into Treasuries caused ...more Credit Suisse (7/27/2007)
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| | ABCP Newsletter - Week Ending July 20, 2007 The credit markets continued to go through some tumultuous times as news on the sub-prime
mortgage market continued to dominate headlines. Flows ...more Credit Suisse (7/20/2007)
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| | ABCP Newsletter - Week Ending July 13, 2007 Rating Agency Downgrades Dominate, Flows Stage a Comeback. The market was focused primarily on the Moody's and S&P sub-prime mortgage ABS downgrades, which ...more Credit Suisse (7/13/2007)
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| | ABCP Newsletter - Week Ending July 6, 2007 Flows Go On Holiday As the Market Celebrates the 4th Short term flows went right along with market participants on holiday for the 4th . Funds traded above ...more Credit Suisse (7/6/2007)
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| | ABCP Newsletter - Week Ending June 29, 2007 As the market hit the half way mark for the calendar year and approached quarter-end, flows
tailed off at the end of the week, taking a harsh toll on ...more Credit Suisse (6/29/2007)
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| | ABCP Newsletter - Week Ending June 22, 2007 Quarter End Pressures Continue to Mount
The lack of any major data releases this week (with the exception of Tuesday's Housing
data) resulted in ...more Credit Suisse (6/22/2007)
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| | ABCP Newsletter - Week Ending June 15, 2007 Flows Disappoint Despite Upbeat Inflation Report. The market got to digest some relatively tame inflation data and was fed a nice serving of ...more Credit Suisse (6/15/2007)
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| | ABCP Newsletter - Week Ending June 8, 2007 With a light week of economic data, we expected to see flows improve after month end but that never seemed to materialize. The investor community ...more Credit Suisse (6/8/2007)
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| | ABCP Newsletter - Week Ending June 1, 2007 Flows in the short-end remained slow after the long holiday weekend. It seems as though the
majority of investors are preferring to stay short and do not ...more Credit Suisse (6/1/2007)
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| | ABCP Newsletter - Week Ending May 25, 2007 Flows Light Ahead of the Unofficial Start of Summer. The market had to digest Durable Goods and New & Existing Home Sales before retiring early for the ...more Credit Suisse (5/25/2007)
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| | ABCP Newsletter - Week Ending May 18, 2007 Inflation Starts to Moderate. The market received some welcomed relief from the relatively tame CPI data released on Tuesday. Flows began to ...more Credit Suisse (5/18/2007)
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| | ABCP Newsletter - Week Ending May 4, 2007 Market participants received a slew of much anticipated data this week starting out with the Fed's preferred inflationary measure, personal consumer ...more Credit Suisse (5/4/2007)
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| | ABCP Newsletter - Week Ending April 27, 2007 Each of the week's economic releases seemed to offset each other as one release would be better than expected and another worse than expected. The week ...more Credit Suisse (4/27/2007)
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| | ABCP Newsletter - Week Ending April 20, 2007 Inflation Wanes, the Consumer Endures. This past week proved that the American Consumer is still alive and kicking and inflation is starting to abate. ...more Credit Suisse (4/20/2007)
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| | ABCP Newsletter - Week Ending April 13, 2007 CP flows were strong on Tuesday, Wednesday & Thursday as Europe came back from the long
holiday weekend. The Fed released its minutes on Wednesday with ...more Credit Suisse (4/13/2007)
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| | ABCP Newsletter - Week Ending April 6, 2007 Improving Flows Ended Quickly as Holiday/Employment Situation Prevailed
Flows were feeling a slight hangover from quarter end on ...more Credit Suisse (4/6/2007)
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| | ABCP Newsletter - Week Ending March 30, 2007 Six Flags might not have been open last week, but market participants certainly got their fare share of rollercoaster action. The week started off ...more Credit Suisse (3/30/2007)
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| | ABCP Newsletter - Week Ending March 23, 2007 Flows were slow as the week started off with everyone on hold ahead of the FOMC meeting. As
of Monday, March 19th, the August Fed Funds contract was ...more Credit Suisse (3/23/2007)
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| | ABCP Newsletter - Week Ending March 16, 2007 Decent Flows Ahead of FOMC Meeting. We saw good flows last week out through 3 months at normal spreads to LIBOR but then the
bottom seemed ...more Credit Suisse (3/16/2007)
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| | ABCP Newsletter - Week Ending March 9, 2007 Its been another rollercoaster of a week across most markets. The week started out with the December Eurodollar futures contract showing a ...more Credit Suisse (3/9/2007)
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| | ABCP Newsletter - Week Ending March 2, 2007 Equity Sell-Off, Greenspan's Use of "R" bomb Cause Treasuries to Rally. Flows picked up this week as our market benefited from the equity market ...more Credit Suisse (3/2/2007)
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| | ABCP Newsletter - Week Ending February 23, 2007 We saw low activity last week as many investors decided to take advantage of the school vacation period with their families. LIBOR from ...more Credit Suisse (2/23/2007)
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| | ABCP Newsletter - Week Ending February 9, 2007 Cupid struck early for some investors as they were able to pick up as much as 2 to 10 bps above overnight rates by moving out along the curve. ...more Credit Suisse (2/9/2007)
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| | ABCP Newsletter - Week Ending February 2, 2007 Much of the buzz being generated in the ABCP market this week was in Vegas at the ASF
conference. Volumes were light as a result of many participants ...more Credit Suisse (2/2/2007)
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| | ABCP Newsletter - Week Ending January 19, 2007 Tax day, which fell on Tuesday, January 16th this month due to the MLK holiday, brought in a lot of issuance and surprisingly good flows for longer- ...more Credit Suisse (1/19/2007)
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| | ABCP Newsletter - Week Ending January 12, 2007 The first full trading week of 2007 did bring higher volume; however, overall the market seemed to be somewhat sluggish relative to years prior. ...more Credit Suisse (1/12/2007)
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| | ABCP Newsletter - Week Ending January 5, 2007 Whatever your New Year's resolution may be, one sure thing investors must decide after
New Year's is where to place their new cash. Although ...more Credit Suisse (1/5/2007)
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| | ABCP Newsletter - Week Ending December 15, 2006 Once the FOMC meeting came and went on Tuesday with no big surprises, the market moved on
to asking Santa for another present: an answer to whether ...more Credit Suisse (12/15/2006)
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| | ABCP Newsletter - Week Ending December 8, 2006 That Same Old Song. The Fed seems to be playing the same song: more mixed economic data. On the radio this week, we heard the Unit Labor ...more Credit Suisse (12/8/2006)
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| | ABCP Newsletter - Week Ending December 1, 2006 Issuers Make the 'Tis the Season Push. It seems as though the market has gotten the subtle reminder from every retailer across America that ...more Credit Suisse (12/1/2006)
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| | ABCP Newsletter - Week Ending November 24, 2006 Flows Strong Despite Holiday Week. The market must not have gobbled down too much tryptophan on Thanksgiving as flows were surprisingly good this ...more Credit Suisse (11/24/2006)
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| | ABCP Newsletter - Week Ending November 17, 2006 Roller Coaster Ride is in Full Swing. Up, down, up, down - the roller coaster style market continues as the stream of economic data
being released ...more Credit Suisse (11/17/2006)
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| | ABCP Newsletter - Week Ending November 10, 2006 Yield Curve, Conference Slow Things Down. The market crept at a snails pace this week while many players were busy drumming up ideas for
Q4 at the ABS ...more Credit Suisse (11/10/2006)
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| | ABCP Newsletter - Week Ending November 3, 2006 Was That a $1 Trillion Mouse I Hear? The market was so quiet you could practically hear a pin drop across ABCP desks this week as we
moved past ...more Credit Suisse (11/3/2006)
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| | ABCP Newsletter - Week Ending October 27, 2006 Flows Pick Up After Fed Meeting/GDP Release. The market played its part as a patient student on Monday, eagerly awaiting the arrival of its ...more Credit Suisse (10/27/2006)
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| | ABCP Newsletter - Week Ending October 20, 2006 Similar to East coast interest in the World Series, flows were lukewarm at best this week. Starting the week off with corporate tax day simply added ...more Credit Suisse (10/20/2006)
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| | ABCP Newsletter - Week Ending October 13, 2006 Cash flows were more reminiscent of oil and vinegar than bees and honey this week as ABCP
issuance outpaced the demand for investment. Spreads to LIBOR ...more Credit Suisse (10/13/2006)
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| | ABCP Newsletter - Week Ending October 6, 2006 Investor interest and general flows were very light this week. On Monday, October 2nd, the overnight funds rate still had a hangover from the high ...more Credit Suisse (10/6/2006)
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| | ABCP Newsletter - Week Ending September 29, 2006 Flows Slow Due to Quarter-End Pressures. Flows were modest at best as we came to the end of the 3rd quarter. As usual, we ended up doing a
lot of ...more Credit Suisse (9/29/2006)
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| | ABCP Newsletter - Week Ending September 22, 2006 Flows Strong As FOMC Meeting Passes, Philly Fed Data Spurs Rally. We saw strong investor flows as the September 20th FOMC meeting came and went as ...more Credit Suisse (9/22/2006)
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| | ABCP Newsletter - Week Ending September 15, 2006 Flows were slow last week as investors prepared for tax day on Friday. Although there were some extension trades early in the week, by Wednesday ...more Credit Suisse (9/15/2006)
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| | ABCP Newsletter - Week Ending September 8, 2006 Flows were reasonably good after everyone came back from their summer holidays. However, the flat yield curve is keeping things a bit on the boring ...more Credit Suisse (9/8/2006)
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| | ABCP Newsletter - Week Ending September 1, 2006 Flows Return As Fed Appears to be On Hold. We continue to see good investor flows throughout the maturity curve as investors seem more
comfortable with ...more Credit Suisse (9/1/2006)
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| | ABCP Newsletter - Week Ending August 25, 2006 The week started off slow and remained slow for the duration of the week. Investors seemed to be light on cash in anticipation of a quiet last week of ...more Credit Suisse (8/25/2006)
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| | ABCP Newsletter - Week Ending August 18, 2006 Flows Remain Strong, Eyes Shift to Fed's Next Move. The week ended quietly after seeing good flows the previous four days. This is likely the result of ...more Credit Suisse (8/18/2006)
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| | ABCP Newsletter - Week Ending August 11, 2006 The FOMC rate decision on August 8th to keep Fed Funds at 5.25% was pretty much expected in
the marketplace. The Fed's statement, however, left the door ...more Credit Suisse (8/11/2006)
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| | ABCP Newsletter - Week Ending August 4, 2006 See-Saw Data Ends Week Leaning Towards Fed Pause. The strong economic data released at the beginning of the week on the heels of a soft GDP number ...more Credit Suisse (8/4/2006)
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| | ABCP Newsletter - Week Ending July 28, 2006 Will Bernanke Step on the Brakes? We finally got a number that gives rise to the pause camps argument and gives the Fed a solid
reason to pause. ...more Credit Suisse (7/28/2006)
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| | ABCP Newsletter - Week Ending July 21, 2006 Expectations of the Fed's next move whipped back and forth this week, causing investors to stay short until they are certain of the FOMC's plan for ...more Credit Suisse (7/21/2006)
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| | ABCP Newsletter - Week Ending July 14, 2006 Issuers and Investors Disagree on Price Out the Curve, Resulting in Increased Overnight
Activity. Flows were decent until Thursday when increased ...more Credit Suisse (7/14/2006)
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| | ABCP Newsletter - Week Ending July 7, 2006 Liquidity Returns After FOMC Meeting, Future Pause Comes into Play. The week turned out to be quite busy as expected. After not spending a lot of money for the ...more Credit Suisse (7/7/2006)
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| | ABCP Newsletter - Week Ending June 30, 2006 The Floodgates Have Been Released - Let the Buying Begin! The majority of this week echoed what we have seen in weeks prior - all eyes and ears waiting for ...more Credit Suisse (6/30/2006)
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| | ABCP Newsletter - Week Ending June 23, 2006 Market at a Standstill Ahead of FOMC Meeting
Two way flows looked more like LIE traffic on a Friday afternoon this week as the market awaits the outcome ...more Credit Suisse (6/23/2006)
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| | ABCP Newsletter - Week Ending June 16, 2006 Market Continues to Stay Short Ahead of June 29th FOMC Meeting. The market continues to be slow ahead of the upcoming FOMC meeting. Virtually everyone ...more Credit Suisse (6/16/2006)
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| | ABCP Newsletter - Week Ending June 9, 2006 Market Continues to Stay Short Ahead of June 29th FOMC Meeting. The market was very slow and tepid this week. The majority of flows were short of the ...more Credit Suisse (6/9/2006)
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| | ABCP Newsletter - Week Ending June 2, 2006 Market Awaits Further Signals on Inflation (or Lack Thereof). We had a rather slow week with sluggish two-way cash flows as it was month-end and the ...more Credit Suisse (6/2/2006)
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| | ABCP Newsletter - Week Ending May 26, 2006 The Stagnation Continues ... Will he or won't he? There doesnt seem to be any real consensus on what the Fed will do at its
June 29th meeting. ...more Credit Suisse (5/26/2006)
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| | ABCP Newsletter - Week Ending May 19, 2006 Investors Stay Short with Fed Move for June 29th Uncertain. What a week. On Monday, May 15th the July Federal Funds futures contract was trading at ...more Credit Suisse (5/19/2006)
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| | ABCP Newsletter - Week Ending May 12, 2006 Fed Moves Overtly Towards Data Dependency. We had an interesting and confusing week waiting for the outcome and language of the FOMC
meeting on Wednesday ...more Credit Suisse (5/12/2006)
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| | ABCP Newsletter - Week Ending May 5, 2006 Investors Stay Short As They Wait For Further Signs from the Fed. Apart from the expected FOMC rate hike to 5.00% on May 10th, the market has once again ...more Credit Suisse (5/5/2006)
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| | ABCP Newsletter - Week Ending April 28, 2006 There were concerns over strong data released this week and how that would jive with the Fed's recent statement that a pause is coming our way. In Bernanke's ...more Credit Suisse (4/28/2006)
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| | ABCP Newsletter - Week Ending April 21, 2006 This past week started out slow, as London was closed on Monday for the Easter Holiday and a high Fed Funds due to corporate tax day kept most investors overnight. ...more Credit Suisse (4/21/2006)
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| | ABCP Newsletter - Week Ending April 14, 2006 The market crept along at the same sluggish pace we have seen over the past few weeks and
certainly was not helped by the shortened trading week ...more Credit Suisse (4/14/2006)
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| | ABCP Newsletter - Week Ending April 7, 2006 The ABCP market was busy this week with investors swooping up maturities primarily in the 1 to 3 month range, with some longer term trades also getting done. ...more Credit Suisse (4/7/2006)
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| | ABCP Newsletter - Week Ending March 31, 2006 Fed Language Brings Some Clarity on Intentions. The FOMC meeting that the entire market had been waiting for finally arrived on Tuesday, and it was anything ...more Credit Suisse (3/31/2006)
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| | ABCP Newsletter - Week Ending March 17, 2006 Investors Stay Cautious Near Fed Meeting. The market rallied last week after Thursday's CPI numbers showed that there was moderate inflation last month. ...more Credit Suisse (3/17/2006)
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| | ABCP Newsletter - Week Ending March 10, 2006 Market Remains In Front End of Curve. The majority of the ABCP market remains in the very short band of the maturity spectrum as the
market is pricing in a ...more Credit Suisse (3/10/2006)
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| | ABCP Newsletter - Week Ending March 3, 2006 The market continued to move at a snail's pace at the beginning of the week as dealers had to
contend with month-end as well as, in some cases, quarter-end pressures. ...more Credit Suisse (3/3/2006)
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| | ABCP Newsletter - Week Ending February 24, 2006 Flows Sluggish As Investors Wait for Fed. The market continues to remain in the sluggish state that we have seen it in for the past few weeks. Investors continue ...more Credit Suisse (2/24/2006)
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| | ABCP Newsletter - Week Ending February 17, 2006 The market continues to have a large short maturity bid going out through the next Fed meeting on March 28th. Issuers and investors continue to struggle ...more Credit Suisse (2/17/2006)
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| | ABCP Newsletter - Week Ending February 10, 2006 Flows Slow on Rate Uncertainty. Flows have slowed to a snail's pace. This lackluster flow is not surprising given the uncertainty
looming in the market ...more Credit Suisse (2/10/2006)
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| | ABCP Newsletter - Week Ending February 3, 2006 Fed's Next Move Unclear, Investors Hold Out for Higher Levels. Flows have slowed down considerably over the last few days. Friday's employment data ...more Credit Suisse (2/3/2006)
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| | ABCP Newsletter - Week Ending January 27, 2006 Flows Drib and Drab In Anticipation of FOMC Meeting. Flows in the market came in dribs and drabs this week with a stop and start motion to its movement. ...more Credit Suisse (1/27/2006)
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| | ABCP Newsletter - Week Ending January 20, 2006 Issuance continued to be heavy throughout this week compared to last week. There has been
reasonable demand out to 3 months as investors perceive the Fed to be ...more Credit Suisse (1/20/2006)
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| | ABCP Newsletter - Week Ending January 13, 2006 Trading returned to normal this week as asset backed commercial paper volumes bounced back to their highs. Investors seemed to be most interested in 1 to 3 month ...more Credit Suisse (1/13/2006)
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| | ABCP Newsletter - Week Ending January 6, 2006 Market participants still nursing their holiday hangovers eased back into things on Tuesday and finally came back to the market in full force after the Minutes ...more Credit Suisse (1/6/2006)
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| | ABCP Newsletter - Week Ending December 30, 2005 The week was quiet ahead of the long New Year weekend and then took a surprising turn on Friday when the Fed Funds rate dipped to 4.00% and investors began ...more Credit Suisse (12/30/2005)
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| | ABCP Newsletter - Week Ending December 23, 2005 As we approach the last week of the calendar year, issuers are seeking to place the remainder of their paper over the turn. We saw a significant jump from ...more Credit Suisse (12/23/2005)
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| | ABCP Newsletter - Week Ending December 16, 2005 Where Is the Cash? Investors Stay At Bay After FOMC Move. Tuesday's FOMC meeting came and went with no big surprises to the market. However the real surprise ...more Credit Suisse (12/16/2005)
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| | ABCP Newsletter - Week Ending December 9, 2005 This week was characterized as the calm before the storm of the FOMC meeting on December 13t h. Investors kept a significant amount of their money short ...more Credit Suisse (12/9/2005)
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| | ABCP Newsletter - Week Ending December 2, 2005 The beginning of the week was slow as the market prepared for month-end (and year-end for some dealers). Liquidity was tight for new product maturing ...more Credit Suisse (12/2/2005)
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| | ABCP Newsletter - Week Ending November 25, 2005 Market Divided on Fed's Intentions. This Thanksgiving Holiday week was quiet as usual with the market closed on Thursday and an early close on ...more Credit Suisse (11/25/2005)
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| | ABCP Newsletter - Week Ending November 18, 2005 Flows in the ABCP market continued to show signs of strength this week. However investors made it a point to stay away from next week due to the ...more Credit Suisse (11/18/2005)
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| | ABCP Newsletter - Week Ending November 11, 2005 Flows were much improved this week relative to the last few weeks. Investor interest in trades over the turn also showed signs of life. As of ...more Credit Suisse (11/11/2005)
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| | ABCP Newsletter - Week Ending November 4, 2005 Tuesday's Fed meeting came and went with no surprises to the market. The tone of the Fed's statement remained unchanged, leaving the door open for ...more Credit Suisse (11/4/2005)
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| | ABCP Newsletter - Week Ending October 28, 2005 Investors seem to be passing up any games of trick or treat when it comes to the Fed's next meeting, preferring to play it safe until they are sure of ...more Credit Suisse (10/28/2005)
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| | ABCP Newsletter - Week Ending October 21, 2005 Inflation, inflation, inflation. That is the old-new word being heard on the street recently. The banter has been amplified by the PPI figures ...more Credit Suisse (10/21/2005)
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| | ABCP Newsletter - Week Ending October 14, 2005 While the market had the day off on Columbus Day (Monday) to commemorate the beginning of an era of exploration and expansion, any ideas of exploring ...more Credit Suisse (10/14/2005)
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| | ABCP Newsletter - Week Ending October 7, 2005 This week marked another quiet week with the majority of activity being seen in the short end. ...more Credit Suisse (10/7/2005)
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| | ABCP Newsletter - Week Ending September 30, 2005 The final week of the quarter was slower than usual. The Federal Funds rate kept creeping up during the week as the market approached September 30th. ...more Credit Suisse (9/30/2005)
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| | ABCP Newsletter - Week Ending September 23, 2005 Tuesday's FOMC meeting took the course that most of the market expected, with the Fed reinforcing its willingness to remain accommodative. ...more Credit Suisse (9/23/2005)
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| | ABCP Newsletter - Week Ending September 16, 2005 It looks like the market finally decided to go back to believing that the Fed will continue down its tightening path, despite the blip in the economy ...more Credit Suisse (9/16/2005)
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| | ABCP Newsletter - Week Ending September 9, 2005 Flows this week were exceptionally slow. It seems as though the lack of liquidity is putting tremendous pressure on spreads and most issuers are ...more Credit Suisse (9/9/2005)
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| | ABCP Newsletter - Week Ending September 2, 2005 Hurricane Katrina certainly had an effect on the market. After the storm passed, people started coming to the conclusion that this event ...more Credit Suisse (9/2/2005)
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| | ABCP Newsletter - Week Ending August 26, 2005 The market was relatively quiet this week as we approach month-end as well as the unofficial end of summer, Labor Day weekend. ...more Credit Suisse (8/26/2005)
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| | ABCP Newsletter - Week Ending August 19, 2005 The week kicked off with Corporate Tax Day, and along with it came high funds, little cash and thin trading for the day. ...more Credit Suisse (8/19/2005)
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| | ABCP Newsletter - Week Ending August 12, 2005 The market made it through the Federal Reserve meeting with no surprises. As expected, rates went to 3½, with a hike to 3 ¾ likely for the ...more Credit Suisse (8/12/2005)
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| | ABCP Newsletter - Week Ending August 5, 2005 The week started out slow and ended quite similarly. Essentially the only activity seen this week was a number of large overnight ...more Credit Suisse (8/5/2005)
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| | ABCP Newsletter - Week Ending July 29, 2005 Flows slowed up this week as the market prepared for month-end and the upcoming FOMC meeting on August 9th. The market is quickly ...more Credit Suisse (7/29/2005)
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| | ABCP Newsletter - Week Ending July 22, 2005 Flows picked up after tax day pressures but still are not great comparatively speaking. Things have been quite slow as the summer ...more Credit Suisse (7/22/2005)
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| | ABCP Newsletter - Week Ending July 15, 2005 Flows were good early in the week, but things quieted down as we approached Corporate Tax Day on Friday. ...more Credit Suisse (7/15/2005)
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| | ABCP Newsletter - Week Ending July 1, 2005 There were no real surprises this week with the outcome of the FOMC meeting or quarter-end liquidity pressures. ...more Credit Suisse (7/1/2005)
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| | ABCP Newsletter - Week Ending June 24, 2005 It was more of the same continuing story this week.the market remained very quiet as investors continue to stay short in ...more Credit Suisse (6/24/2005)
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| | ABCP Newsletter - Week Ending June 17, 2005 Despite fears of inflation having been quelled by the CPI and PPI reports released this week, things continued to remain quiet on the ABCP front. ...more Credit Suisse (6/17/2005)
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| | ABCP Newsletter - Week Ending June 10, 2005 Another slow week in the market as investors await the Fed meeting on June 30th and continue to put their cash in the short-end of the curve. Summer vacation season has ...more Credit Suisse (6/10/2005)
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| | ABCP Newsletter - Week Ending June 3, 2005 The market shifted this week from pricing in 1 to 3 tightenings by the Federal Reserve this year to pricing in at most 2 tightenings by year end. ...more Credit Suisse (6/3/2005)
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| | ABCP Newsletter - Week Ending May 27, 2005 It seemed that market participants were ready to kick off the summer, swapping their briefcases for their beach towels earlier than usual this week. ...more Credit Suisse (5/27/2005)
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| | ABCP Newsletter - Week Ending May 20, 2005 U.S. ABCP Market Outlook; Euro CP Market Outlook; ABCP Outstanding ...more Credit Suisse (5/20/2005)
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| | ABCP Newsletter - Week Ending May 13, 2005 U.S. ABCP Market Outlook; Euro CP Market Outlook; ABCP Outstanding ...more Credit Suisse (5/13/2005)
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| | ABCP Newsletter - Week Ending May 6, 2005 U.S. ABCP Market Outlook; Euro CP Market Outlook; ABCP Outstanding ...more Credit Suisse (5/6/2005)
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| | ABCP Newsletter - Week Ending April 29, 2005 U.S. ABCP Market Outlook; Euro CP Market Outlook; ABCP Outstanding ...more Credit Suisse (4/29/2005)
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| | ABCP Newsletter - Week Ending April 22, 2005 U.S. ABCP Market Outlook; Euro CP Market Outlook; ABCP Outstanding ...more Credit Suisse (4/22/2005)
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| | ABCP Newsletter - Week Ending April 15, 2005 U.S. ABCP Market Outlook; Euro CP Market Outlook; ABCP Outstanding ...more Credit Suisse (4/15/2005)
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| | ABCP Newsletter - Week Ending April 8, 2005 U.S. ABCP Market Outlook; Euro CP Market Outlook; ABCP Outstanding ...more Credit Suisse (4/8/2005)
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| | ABCP Newsletter - Week Ending April 1, 2005 Credit Suisse (4/1/2005)
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| | ABCP Newsletter - Week Ending March 25, 2005 Credit Suisse (3/25/2005)
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| | ABCP Newsletter - Week Ending March 18, 2005 Credit Suisse (3/18/2005)
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| | ABCP Newsletter - Week Ending March 11, 2005 Credit Suisse (3/11/2005)
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| | ABCP Newsletter - Week Ending March 4, 2005 Credit Suisse (3/4/2005)
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| | ABCP Newsletter - Week Ending February 25, 2005 Credit Suisse (2/25/2005)
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| | ABCP Newsletter - Week Ending February 18, 2005 Credit Suisse (2/18/2005)
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| | ABCP Newsletter - Week Ending February 11, 2005 Credit Suisse (2/11/2005)
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| | ABCP Newsletter - Week Ending February 4, 2005 Credit Suisse (2/4/2005)
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| | ABCP Newsletter - Week Ending January 28, 2005 Credit Suisse (1/28/2005)
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| | ABCP Newsletter - Week Ending January 21, 2005 Credit Suisse (1/21/2005)
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| | ABCP Newsletter - Week Ending January 14, 2005 Credit Suisse (1/14/2005)
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| | ABCP Newsletter - Week Ending January 7, 2005 Credit Suisse (1/7/2005)
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| | ABCP Newsletter - Week Ending December 10, 2004 Credit Suisse (12/10/2004)
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| | ABCP Newsletter - Week Ending December 3, 2004 Credit Suisse (12/3/2004)
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| | ABCP Newsletter - Week Ending November 27, 2004 Credit Suisse (11/27/2004)
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| | ABCP Newsletter - Week Ending November 19, 2004 Credit Suisse (11/19/2004)
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| | ABCP Newsletter - Week Ending November 12, 2004 Credit Suisse (11/12/2004)
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| | ABCP Newsletter - Week Ending November 5, 2004 Credit Suisse (11/5/2004)
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| | ABCP Newsletter - Week Ending October 29, 2004 Credit Suisse (10/29/2004)
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| | ABCP Newsletter - Week Ending October 22, 2004 Credit Suisse (10/22/2004)
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| | ABCP Newsletter - Week Ending October 15, 2004 Credit Suisse (10/15/2004)
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| | ABCP Newsletter - Week Ending October 1, 2004 Credit Suisse (10/1/2004)
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| | ABCP Newsletter - Week Ending Sept. 24, 2004 Credit Suisse (9/24/2004)
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| | ABCP Newsletter - Week Ending Sept. 17, 2004 Credit Suisse (9/17/2004)
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| | ABCP Newsletter - Week Ending Sept. 10, 2004 Credit Suisse (9/10/2004)
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| | ABCP Newsletter - Week Ending Sept. 3, 2004 Credit Suisse (9/3/2004)
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