NEW YORK The size of the U.S. commercial paper market expanded a sixth straight week, suggesting short-term credit demand from companies to fund their operations and banks to make loans, Federal Reserve data showed on Thursday.
U.S. seasonally adjusted commercial paper outstanding rose $9.9 billion to $1.036 trillion in the week ended December 5, according to the latest Fed data.
However, non-seasonally adjusted commercial paper outstanding, which some analysts consider a more reliable reading, fell $3.9 billion to $955.5 billion in the latest week.
U.S. non-seasonally adjusted foreign bank commercial paper outstanding rose for a third consecutive week, increasing by $1.1 billion to $126.8 billion.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)