Bloomberg.com writes "Money Market Rates Tumble; Central Banks Inject Funds"

Dec 18 07

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."

Email This Article




Use a comma or a semicolon to separate

captcha image