U.S. money funds raise euro zone holdings in October: Fitch

NEW YORK (Reuters) - The biggest U.S. prime money market funds increased their holdings of euro zone bank debt in October on reduced worries about the impact of fiscal problems in Greece and Spain on the region's banking system, a report by Fitch Ratings released on Friday showed. The 10 largest prime money funds raised their euro zone bank exposure by 24 percent from September, bringing their holdings to 13 percent of total assets. This was the fourth monthly increase in euro zone exposure among these funds, whose combined assets were $654 billion, or 46 percent of the $1. ...

READ THE ORIGINAL POST AT news.yahoo.com