CP market and money markets gridlocked |
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• Following the passing of the USD 700bn bailout package, the key problem in the financial crisis remains the deadlocked money markets. In this paper we look at the problems in the commercial paper (CP) market and the implications for money markets. • The combination of increased fear and uncertainty about bank survival, combined with the drying up of funding via the CP market, has created massive problems in dollar money markets. • The Fed announced its latest initiatives to combat the money Read More...
Filed under: Fundamental
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