WSJ's "Ahead of the Tape" mentions Schwab Treasury Money Fund, saying, "But investors will be listening for a concern that could emerge down the road regarding its roughly $34 billion Treasury Money Fund in this low-interest-rate environment. With short-term Treasurys yielding near 0%, the fund currently yields about 0.02% after Schwab deducts operating expenses of 0.6%. As analyst Richard Repetto at Sandler O'Neill Partners notes, the fund's Treasurys have an average duration of about 55 days, meaning the full effects of December's drastic interest-rate reduction hasn't yet filtered through." In other news, the Charlotte Business Journal writes "Columbia Management logs $459M loss" because of "continued capital support of money-market funds."
