| Videos | Channels | Search |
Money markets pose big event risk: Jakobsen
Saxo Bank's chief economist Steen Jakobsen says that US money market reform poses a big potential event risk.
Money markets are vehicles to deposit money and foreign banks use them to fund themselves in dollars. But since money market funds are perceived to be more risky, according to Steen Jakobsen, more than $500 bn has been taken out of these types of funds.
That's why short term interest rates have been rising, Jakobsen says.
The reform will take place October 14-16, 2016.
02:39 minutes
Tags: economy, interest rates, macro, saxo, saxo bank, saxo bank saxo tv, saxo tv, saxo tv trading floor, saxo tv tradingfloor.com, saxostrats, saxotrader, saxotradergo, saxotv, steen jakobsen, tradingfloor.com, us
Switch to