Barron's writes "Money Funds Slowly Get Back on Their Feet", saying, "A money-market mutual fund is one of those things you don't really notice until they don't work. Everyone took notice in September, when many of these supposedly safe, low-yielding funds stopped functioning. But while economists, traders and pundits debate other aspects of the government's bailout package, the money-fund business seems to be responding well to multi-faceted treatment. The market has revived enough to hit a record $3.7 trillion in assets this year. The piece quotes Moody's Marty Duffy saying, "So far the government initiatives are achieving their objectives. Signs that conditions are improving include stable inflows into money funds, longers average maturities, a lower LIBOR, and a reopening of the commercial paper market. It also quotes Peter Crane, "Go down the list. Almost every major component of money funds is being backstopped -- repos, agency securities, asset-backed commercial paper, even certificates of deposit. It's not just belt and suspenders but also parachutes and safety net."

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