UPDATE 1-Prime money-market funds could slow redemptions as they bleed assets
U.S. prime money-market funds
have lost more than 10% of their assets and the prospect of
funds slowing customer redemptions is rising amid unprecedented
market turmoil, top credit-rating agency Moody’s Corp said on
Thursday.
have lost more than 10% of their assets and the prospect of
funds slowing customer redemptions is rising amid unprecedented
market turmoil, top credit-rating agency Moody’s Corp said on
Thursday.
Posted by Reuters
