Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Friday, January 30, 2015 Bookmark our site!
Local PennsylvaniaNationalInternationalNews Extras  
Published: October 9, 2013 print this article Print save this article Save email this article Email ENLARGE TEXT increase font decrease font

Fidelity sells off short-term US government debt



NEW YORK — The nation's largest manager of money market mutual funds said today that it no longer holds any U.S. government debt that comes due around the time the nation could hit its borrowing limit.
Portfolio managers at Fidelity Investments have been selling off their government debt holdings over the last couple of weeks, said Nancy Prior, president of Fidelity's Money Market Group. While Fidelity expects the debt ceiling issue to be resolved, the Boston-based asset manager said it is taking steps to protect investors.
Prior said that Fidelity no longer holds any U.S. debt that comes due in late October or early November, the window considered by many investors to be the most exposed if the government runs out of money and defaults on its obligations.





Back
Comments
Order Photos!
 
MORE NEWS HEADLINES
arrow Promos for Sunday
arrow Prospect man is cleared
arrow Property owners will receive up to $5M in Route 228 project
arrow Balloon crew surpasses old record
 
MOST READ ARTICLES
arrow District attorney pulls back offer of lie detector test
arrow Mother catches baby dropped from window of burning house
arrow Film crew to shoot at Butler Memorial
arrow Molestation case hinges on lie detector test