Toutoungi of Hartford Says Fed Might Cut Discount Rate to 5.25%
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Toutoungi of Hartford Says Fed Might Cut Discount Rate to 5.25%
Nasri Toutoungi, who oversees $23 billion of bonds at Hartford Investment Management, talks with Bloomberg's Michael McKee from Hartford, Connecticut, about the growing spread between three-month Treasury bills and LIBOR, "unwinds" of structured investment vehicles and the outlook for another cut in the Federal Reserve's discount rate. Treasury three-month bill yields fell for a third day as investors fled asset-backed commercial paper and opted for the safety of government debt. (Source: Bloomberg)
Bloomberg | August 30, 2007
