Market Currents
U.S. prime money market funds tiptoe back into eurozone banks, increasing their exposure in...
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Friday, September 28, 2012, 2:52 PM ETU.S. prime money market funds tiptoe back into eurozone banks, increasing their exposure in August to 9.2% of assets from 8.5%. Spanish and Italian banks remain on the outs though, as a trader says the increase is related to issuance by French lenders. Tiptoe is the operative word here, as - prior to August - MMFs had slashed eurozone exposure by 74% over the previous 15 months.
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