The 10 largest U.S. prime money market funds cut their exposure to EU banks in October by 9% M/M...

|By:, SA News Editor

The 10 largest U.S. prime money market funds cut their exposure to EU banks in October by 9% M/M and increased their Treasury holdings to almost 30%, Fitch says. EU bank exposure represents a low of 34.9% of total assets of $642B, down from 37.7%. (PR)