Home U.S. Arts & Entertainment Autos Books Fashion Food & Drink Sports Travel WSJ. News & Trends Career Strategies Journal Women Office Life EXECUTIVE M.B.A. Efforts to compile a chart of the various facilities thought of by the Federal Reserve and U.S. Treasury might cause cerebral collapse. The newest is the MMIFF, the money-market investor funding facility, which will utilize a supply of funding to buy assets such as CDs and commercial paper from up to 50 different issuers — including, potentially, money-market mutual funds and possibly other money-market investors. “The sense is that the new facility will reduce strains on bank capital, chiefly by reducing the tapping of credit lines resulting from the contraction of the commercial paper market, and by helping to support demand for bank debt, including certificates of deposits,” writes Tony Crescenzi, chief bond market strategist at Miller Tabak. The efforts by the Fed to reduce the Libor-to-expected-fed-funds ...
Originally from: http://blogs.wsj.com/marketbeat/2008/10/21/four-at-four-mmiff-island/
Home U.S. Arts & Entertainment Autos Books Fashion Food & Drink Sports Travel WSJ. News & Trends Career Strategies Journal Women Office Life EXECUTIVE M.B.A. Efforts to compile a chart of the various facilities thought of by the Federal Reserve and U.S. Treasury might cause cerebral collapse. The newest is the MMIFF, the money-market investor funding facility, which will utilize a supply of funding to buy assets such as CDs and commercial paper from up to 50 different issuers — including, potentially, money-market mutual funds and possibly other money-market investors. “The sense is that the new facility will reduce strains on bank capital, chiefly by reducing the tapping of credit lines resulting from the contraction of the commercial paper market, and by helping to support demand for bank debt, including certificates of deposits,” writes Tony Crescenzi, chief bond market strategist at Miller Tabak. The efforts by the Fed to reduce the Libor-to-expected-fed-funds ...