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Observation: ABCP Market: Half a Trillion and Still Counting: Abridged from Asset-Backed Commercial Paper Market Overview

Intense 3Q, No Slowdown in 4Q

Asset-backed commercial paper outstandings1 for the third quarter of 1999 rose to a new high of $486 billion, up 12.5% from $432 billion at the end of the second quarter. The intense pace of growth in the third quarter was attributable primarily to...

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