Risky assets were hit hard again overnight |
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News and views Risky assets were hit hard again overnight , as traders digested more bad economic news and credit markets remained under lockdown. The US bailout package remains a key risk for markets – while the US Senate voted in favour of the package yesterday, there is still no assurance that the House (expected to vote tomorrow) will approve it in its current form. US equity indices were down 3-4% at the time of writing, and 3-month interbank lending rates rose to a record 220bp above the
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