Top U.S. Money Funds Stood By French Banks In July

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Roever did find in a latest report that throughout the Eurozone, U.S. prime money funds cut their holdings of commercial paper by 10 p.c in July to $340 billion. But some categories elevated – the funds added $eleven billion worth of French bank repurchase agreements, or repos, probably reflecting traders desire for shorter maturities. Some commentators blame the Federal …