U.S. commercial paper market contracts for 5th week

NEW YORK, Dec 2 (BestGrowthStock) – The U.S. commercial paper
market shrank for a fifth consecutive week, signaling reduced
credit appetite even as the economy expands, Federal Reserve
data showed on Thursday.

For the week ended Dec. 1, the size of the U.S. commercial
paper (CP) market contracted by $44.0 billion to $1.021
trillion outstanding.

(Reporting by Richard Leong, Editing by Chizu Nomiyama)

U.S. commercial paper market contracts for 5th week