The volume of asset-backed commercial paper issued in millions of dollars currently sits at 14-year lows (blue line). After reaching levels of $90 billion issued, the ABCP market now sits at below $9 billion.
However, the entire commercial paper market has rebound a little bit from lows made in the beginning of 2013. There has been a noticeable increase in the amount financial commercial paper being issued so far in 2014. After falling to levels as low as about $900 million, financial commercial paper has increased back to about $4.7 billion. This is still only about 25% of what the financial commercial paper market was from 2001-2006.