Goldman, BlackRock Reopen Euro Money Funds

Move reflects rise in yields on safest debt; German 3-month yield is back above zero for first time since May.

Goldman Sachs Group Inc. joined BlackRock Inc. in reopening euro-denominated money-market funds to new clients as yields on the safest debt rose.

BlackRock, the world’s biggest money manager, lifted a restriction on new investment in its 17.7 billion-euro ($24 billion) Institutional Euro Liquidity Fund this month, Mark Stockley, the firm’s head of international cash sales, said in an interview in London on Feb. 14. Goldman reopened its Euro Government Liquid Reserves fund to new subscriptions last week, spokeswoman Anisha Patel said by phone.

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