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The 10 largest U.S. prime money market funds’ holdings of French banks’ short-term securities increased to $52.7 billion at the end of February, breaching levels last seen in August 2011.
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A thawing in dollar markets for European banks may be making it easier for the Federal Reserve to fund its balance sheet, which has ballooned to a record of more than $3 trillion.
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Clients of the largest U.S. banks withdrew funds this month at the fastest weekly pace since the Sept. 11 attacks as a deposit-insurance program ended and customers tapped into their year-end cash hoards.
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Investors should buy September Eurodollar futures contracts because the recent increase in the rate banks say they pay for three-month loans in dollars may have gone too far, according to JPMorgan Chase & Co.
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You wouldn’t know the Federal Reserve has done nothing but add to its record monetary stimulus from looking at short-term funding markets.
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Almost two decades after advising the U.S. to sell floating-rate notes to lower debt expenses, Campbell Harvey says starting to issue the securities now would be a costly mistake for American taxpayers.
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Cantor Fitzgerald LP, the bond broker run by Howard Lutnick, is jumping into a part of the shadow banking system that shrank 73 percent in five years.
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Kevin Kennedy says it’s tougher now to be a money-fund manager than at any point in his three decades in the business.
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The 10 largest U.S. money market funds increased their holdings of securities issued by French banks to the highest level for a year after the European Central Bank’s decision to buy government bonds revived confidence in the region.
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Stresses in the global financial system have stopped easing as European policy makers signal they’re unlikely to extend a third round of unlimited loans to the region’s banks and as bond yields in Spain and Portugal begin to rise again.