Bloomberg.​com writes "​Money Market Rates Tumble; Central Banks Inject Funds". The European Central Bank "added an unprecedented $​500 billion to the banking system as part of a global effort to ease credit-​market gridlock through year-​end" says the article. Bloomberg adds, "​The TED spread, or difference between what the U.​S. government and banks pay for three-​month loans, narrowed for a fifth day to 186 basis points, indicating an increased willingness among banks to lend."

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