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FIG MTNs and CP

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  • FIG
    Holders of financial institution commercial paper remained calm in spite of the worsening European sovereign crisis this week. On Tuesday morning many markets were in the red but short term investors stuck to their bank holdings and did not look to sell, according to CP dealers.
  • FIG
    Demand for bank commercial paper held up this week, in spite of fears over some banks’ exposures to peripheral sovereigns. However buyers are being selective, depending on geography.
  • FIG
    Leading investors in European banks’ commercial paper are cutting their exposures because of the Greek debt crisis.
  • FIG
    Leading investors in European banks’ commercial paper have been reducing their exposures because of the Greek debt crisis.
  • FIG
    While investors in US money market funds trim their exposure to European banks exposed to Greece, peripheral borrowers continue to trade well in the European commercial paper market, said CP dealers on Monday.
  • FIG
    Peripheral banks found strong demand for their commercial paper this week despite the prospect of a Greek default becoming more likely. Elsewhere buyers were keen to extend maturities in search of yield and pushed for longer dated paper from European banks.