Launch VideoU.S. Money Funds’ Euro Bank Holdings Rebound
The 10 biggest prime U.S. money market funds boosted their holdings of securities of euro-area lenders by $5.8 billion in July, after European Central Bank measures eased bank funding concerns. The funds raised investment in the region’s banks to $42.6 billion at the end of July from a one-year low of $36.8 billion at the end of June, a monthly survey by Bloomberg Brief: Risk found. That marks the funds’ first increase in bank holdings in the euro region since January.
