US rate futures rise, euro Libor hits low

Posted by 7Star Saturday, January 23, 2010

US federal fund futures rose on Friday, as traders widely anticipated the Federal Reserve will leave its short-term interest rate target alone after its policy meeting next week. Short-term cash lending rates were kept in check by a stampede into cash and other low-risk assets as US President Barack Obama's proposed changes to credit markets and the bank industry rattled investor confidence, analysts said.

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