Oct. 18 (Bloomberg) -- U.S. asset-backed commercial paper shrank for the 10th straight week, extending the worst slump in seven years and underscoring the depth of Treasury Secretary Henry Paulson's challenge to revive the market. .
Source link: http://www.bloomberg.com/apps/news?pid=20601087&sid=a3A6zGSgeSx8&refer=home
YOU know a market has seen better days when some of its leading actors are compared to a deadly virus. With many traditional buyers of commercial paper (short-term corporate debt) still on strike, Wall Streeters with more wit than taste have branded the sickliest of the structured investment vehicles (SIVs) that issue such paper to punt on longer-term assets 'SIV-positive'. .
Source link: http://www.economist.com/finance/displaystory.cfm?story_id=9993423
Rhinebridge, which was forced to sell assets after being shut out of the commercial paper market, said it must now appoint a trustee to ensure that the interests of all secured bondholders are protected. .
Source link: http://www.bloomberg.com/apps/news?pid=20601087&sid=axyxVSKokNfI&refer=home
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