"Treasury expects that the supply of bills will increase to a prudent level with the existing auction schedule," Acting Assistant Treasury Secretary Daleep Singh said in a statement. But a Treasury official told reporters on Wednesday that the department would study the need for increasing bill issuance after money market reforms are implemented by the... » Read More
As we explained last week, U.S. money market funds aren't directly exposed to Greek government debt. But they hold around $1 trillion of debt issued by European banks—who are among the biggest creditors of Greece.
Money market funds have no explicit guarantee from the US government.
CBC's Kate Kelly has the details on Euro stress impacting money market funds.