Today's Bloomberg piece features money funds, saying, "Investors are so scared of stocks and bonds that they have stashed a record $3.51 trillion in U.S. money-market mutual funds even as managers including Fidelity Investments waive fees to keep yields from falling to zero." It adds, "Money-market mutual funds, whose combined assets are greater than the gross domestic product of China, may only hold debt that matures in no more than 13 months. Under U.S. Securities and Exchange Commission rules, managers may buy Treasuries, commercial paper issued by large banks and corporations, repurchase agreements and short-term bonds. They can't buy equity or debt that doesn't carry one of the two highest short-term credit ratings."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September