The U.S. commercial-paper market increased by nearly $57 billion this week, making it one of the largest weekly increases this fiscal year, according to data released by the Fed on Thursday.
The overall market that provides short-term financing currently stands at $1.53 trillion.
Part of the increase is tied to the beginning of the new quarter, when company financing needs are greater. Yet some also say that traditional commercial-paper investors, such as money-market funds, are growing more confident about the market and their risk tolerance seems to have improved. [via Dow Jones]