Foreign U.S. Commercial Paper Issuance Falls Most in 10 Months

Note Libor rose again this morning. Until Libor stabilizes at a given range a lock up on credit market in Europe is still a great risk.

Jim

Devaluation requires the free flow of credit. Without it, things freeze up and another hemorrhage phase begins.

U.S. commercial paper outstanding sold by foreign financial companies and their domestic units fell the most in 10 months as fund managers trim holdings of the short-term debt issued by European banks.

Source: bloomberg.com