Exposure to eurozone banks among US prime money-market funds (MMF) has risen once again. Data released today by Fitch has revealed that by the end of November last year, allocations at financiers based in the economic bloc were responsible for some 13.7 per cent of the total holdings of MMFs based on the other side of the Atlantic.

While this figure is still some way below the levels of exposure recorded in the past, the leading ratings agency showed it at the same time represents an increase of eight per cent on a dollar basis when compared to the level posted one month previously. Over the course of November, the allocations of MMFs to German lenders went up by 26 per cent, while their exposure to banks in France climbed by six per cent.

This means MMF exposure to eurozone lenders has now gone up for five months in a row.