"Treasuries Rise as Money Market Rates Soar, ECB Provides Funds" Says Bloomberg.com

Aug 09 07

"Treasuries Rise as Money Market Rates Soar, ECB Provides Funds" Says Bloomberg.com. Money market rates soar on news of BNP freezing several funds and the ECB providing liquidity to European banks. Bloomberg reporter Elizabeth Stanton writes, "Treasuries rose, led by short- maturity notes, after money market rates soared and the European Central Bank said it would provide unlimited funds at a below- market rate of 4 percent to avert a cash crunch."

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