| Title: | Portfolio Management Activities of Large Prime Institutional Money Market Funds: Quarterly Abstract as of December 31, 2007 |
| Price: | $550.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Special Report |
| Brief Excerpt: | ...The second half of #### proved to be an extremely volatile period, without prece- dent, as turmoil in the subprime mortgage market starting in the summer rocked financial markets, including the money mark ets. Fear of increasing losses stem- ming from the subprime mortgage market touched off concerns that asset-backed commercial paper programs issued by structured investment vehicles with expo- sure to mortgage products could start incurring losses. Some of the riskier pro- grams did run into trouble, as it became incr easingly more difficult to find investors for maturing ABCP. This caused ## programs to extend and/or default between August ##, #### and year-end ####. An ex treme liquidity-turned-credit crunch in the asset-backed commercial paper market made for very difficult trading in an unsettled market. Fears about the potent ial impact on U.S. economic growth also surfaced, but receded somewhat due to subsequent interest rate cuts by the Fed- eral Reserve. Against this... |
| Word Count: | 7038 |
| Length: | 12 Pages |
| Format: | 
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