☰

M. Continuo

U.S. money funds add euro zone debt in August: JPMorgan


    NEW YORK (Reuters) - U.S. prime money market funds added to their holdings of euro zone bank debt in August with some reduced worries about contagion from the debt crisis in the euro zone, a report from JPMorgan Securities released on Wednesday showed.

    Prime money market funds added $16 billion to their euro zone debt holdings in August, according to the report.

    On a year-to-date basis, the funds' combined euro zone holdings rose by $29 billion.

    (Reporting by Chris Reese; Editing by Leslie Adler)