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Crane 100 Money Fund Index
Time writes "Why Reform Will Push Money Market Fund Yields Even Lower"
. The article says, "Left for dead in August, the effort to reform money market mutual funds is getting a renewed boost
. The stable $
1 share price may be a casualty. Here'
s why reform would push the low yields on these funds even lower.... But with money market reform back on the table, lower yields may indeed -- seemingly against all odds -- be in store
. Collectively, the 56 million savers in these funds have a lot at stake. Even a miniscule rate cut in a $
6 trillion market could amount to more than $
2 billion in lost income each year. Despite their pathetically low yields, money market mutual funds remain a popular place for both individuals and institutions to park cash over short periods; they are regarded as a safe and highly liquid alternative to similar bank products that may yield more but are saddled with minimums and restrictions