Bloomberg.com Says "Run on Treasury Bills Spurred by Subprime Contagion"

Aug 16 07

Bloomberg.com Says "Run on Treasury Bills Spurred by Subprime Contagion". "Money funds that had been buying corporate commercial paper 'have all switched to the safe side,' said Glen Capelo, a trader at RBS Greenwich Capital" said the article. It adds, "Rates for Countrywide's overnight corporate commercial paper were quoted yesterday at 6 percent and 6.5 percent for 30 days, according to Denise Latchford, director of money funds for American Century Investments."

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