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ABCP Market to Surpass Estimates, But Short of 99

From the end of September 1999 to the end of September 2000, outstandings in the asset-backed commercial paper market grew 27.8% to $596 billion from $467 billion, according to the Federal Reserve Bank.

Further, at the start of 2000, predictions for year-end volume were in the $600 billion range,...

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