"Yields fall below 4% on money funds" reports the LA Times

Dec 27 07

"Yields fall below 4% on money funds" reports the LA Times. The article says, "The average annualized yield on taxable money funds fell to 3.99% in the seven days ended Tuesday, down from 4.08% a week earlier and the first time the average has been below 4% since March 2006, data tracker iMoneyNet Inc. said Wednesday." (Note our Crane 100 Money Fund Index above, currently 4.49%, is higher due to its focus on the largest funds.) Also, see The Wall Street Journal's summary article, "Individuals Boost Money-Market Funds".

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