"J.P. Morgan to reopen Treasury Plus fund" writes MarketWatch. The Sam Mamudi article says, "J.P. Morgan Funds, a unit of J.P. Morgan Chase & Co., will on Thursday reopen a money-market fund that invests in Treasurys. The move reverses a recent trend of asset managers closing their Treasury money-market funds because of record demand and historically low rates. But a slackening in the demand, as investors head out and into government and corporate debt, and steadily rising rates, spurred in part by the government issuing more debt to finance its attempts to stabilize financial markets and stimulate economic growth, have eased the pressures facing managers." It quotes Peter Crane, "You can feel the momentum away from Treasurys.... You don't have to keep the velvet rope out front if there's plenty of room in the club." The MarketWatch piece says, "Since Dec. 10, Treasury money-market funds have seen net outflows of $100 billion, according to Crane Data. In the same period government money-market funds have seen net inflows of $100 billion, while prime money-market funds have seen net inflows of $110 billion."
