"Disturbing" Rumblings Of Panic Begin As Investors Pull Almost $40 Billion From Money Market Funds: "Short-term credit markets are already hemorrhaging thanks to the lack of progress on the debt deal in Congress.
This week, banks moved $37.5 billion from money market funds that are invested in Treasuries and other presumably safe securities, Dealbook reported -- 'the biggest weekly drop this year.'
Just between Monday and Wednesday, investors pulled $17 billion treasury-only funds."
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