U.S.-based money market funds have $43 billion outflow: Lipper

October 18th, 2013 by admin Leave a reply »

U.S.-based money market funds have $43 billion outflow: Lipper

Traders walk the floor of the New York Stock Exchange at the market open in New YorkBy Sam Forgione NEW YORK (Reuters) – U.S.-based money market fund assets recorded their largest one-week decline since August 2011 as investors pulled $43 billion out of fear over a possible U.S. government default, data from Thomson Reuters' Lipper service showed on Thursday. The outflows from money market funds, which invest in short-term securities such as short-dated U.S. Treasury bills, came ahead of a crucial deadline to raise the nation's $16.7 trillion debt ceiling. …

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Business News Headlines – Yahoo! News

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