Commercial paper market still creaking despite Fed measures

Financing costs in the commercial paper market — typically seen as one of the safest lending markets, where companies borrow cash for periods up to one year — have soared since the coronavirus pandemic reached US shores.

FT 1 April 2020

The health system will be overwhelmed,” Mr Marks said. “There will be a point where there doesn’t seem to be an end in sight. I’m afraid the headlines are going to get much uglier in this regard.”


Market recovery will unravel as coronavirus fallout mounts, warns Oaktree’s Marks