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Showing posts with label U.S. government default. Show all posts
Showing posts with label U.S. government default. Show all posts

October 12, 2013

JPMorgan sells off short-term US government debt

NEW YORK: Investment banking giant JPMorgan Chase said Thursday it has sold all of its exposure to short-term U.S. government debt out of its money market funds, following a similar move by other money market mutual fund managers.