Wednesday, September 12, 2007

Commercial Paper Status Update

"Panic Free" is the word from Reuters thus far ahead of a peak in refinancings of asset backed commercial paper this Monday: CP rollovers panic-free so far as Monday peak looms.

When you think about it, things have been relatively calm for the stock market even with some pretty big negative headlines today:

-ECB pumps 75 billion euros into banking system (this is major coin);
-Squeeze-hit Golden Key gets a $1.5bn helping hand from BarCap (think SIVs);
-Even the fact the GMAC needed a big helping hand: GMAC Bonds Rally on Citigroup's $21 Billion Financing (Update7).

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