April 28, 2011 / 4:44 PM / 8 years ago

US seasonally adjusted CP market rises in week - Fed

NEW YORK, April 28 (Reuters) - The U.S. seasonally adjusted commercial paper market rose for a second consecutive week in the latest week, pointing to growing credit demand to fund payrolls and inventories, Federal Reserve data showed on Thursday.

The size of the U.S. commercial paper market rose to $1.1057 trillion on a seasonally adjusted basis in the week ended April 27 from a seasonally adjusted $1.0984 trillion outstanding a week earlier.

The size of the market without seasonal adjustments rose to $1.1507 trillion from $1.1372 trillion. (Reporting by Chris Reese; Editing by Chizu Nomiyama)

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