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WSJ'​s "​Why Borrowers May Not Benefit From Rate Cut" mentions the impact of a higher LIBOR rate on money fund investors. "Higher Libor rates have helped sustain healthy returns in money-​market mutual funds. These funds' holdings of Libor-​linked debt have helped to offset declining yields on other investments. An estimated 20% to 25% of money-​market assets are in floating-​rate debt, much of which is linked to Libor, says Peter Crane of Crane Data LLC."

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