Monthly review for commercial paper and medium-term note market - September 2022

Published on 17 October 2022

The total outstanding amount of the NEU CP and NEU MTN markets stood at €285.8 Bn in September 2022 after €279.8 Bn in August 2022 (+2%). This is mainly driven by the NEU CP segment (+€6.6 Bn) and due to the rise in issuances of financial entities (+€8.6 Bn). The NEU MTN segment experienced a slight decrease in outstanding (-€0.9 Bn) between August and September.
The yield curve of financial issuers continued to steepen in September.
Corporate issuance volumes are still increasing significantly on the 1-month pillar with a +€4.9 Bn change between August and September and a + 49 bps change in rates. Rates increased significantly on all pillars but mainly on the longest maturities in the context of reduced issuance volumes.

Updated on 24 October 2023