Fidelity sells US debt

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The nation's largest manager of money market mutual funds said Wednesday that it no longer holds any U.S. government debt that comes due around the time the nation could hit its borrowing limit.


Money market 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.






http://www.latimes.com/business/la-fi-fidelity-bonds-20131009,0,3822933.story
 
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