June 20 (Bloomberg) -- Dollar demand and Libor may rise if
there’s no resolution to the Greek crisis as U.S. money market
funds continue to withdraw from foreign commercial paper, Nomura
strategists led by George Goncalves write.
* Money markets’ commercial paper outstanding dropped $22b
from prior week, $19b of which was foreign financial, U.S.
subsidiaries: Goncalves
* “If there is no resolution out of the eurozone soon, we
could be in for a replay of April/May 2010”: Goncalves
there’s no resolution to the Greek crisis as U.S. money market
funds continue to withdraw from foreign commercial paper, Nomura
strategists led by George Goncalves write.
* Money markets’ commercial paper outstanding dropped $22b
from prior week, $19b of which was foreign financial, U.S.
subsidiaries: Goncalves
* “If there is no resolution out of the eurozone soon, we
could be in for a replay of April/May 2010”: Goncalves
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