Chart of the day
Posted by Paul Jackson on 9/18/08 at 11:43am
This pretty much says it all -- spreads on A2/P2 nonfinancial commercial paper literally have blown up in a liquidity crisis that really is amazingly far-reaching. The spread covers high and low quality 30 day nonfinancial commercial paper, and it's pretty clear how unprecedented the spread jump is.
Fist pound to Calculated Risk for the find.