Crane Data Subscribers
Don't be fooled by the temporary year-end spike in tax-exempt money fund yields! They look extremely attractive now, but should drop in early January. (Demand for Holiday cash drives rates up.) The top 5, ranked by 7-day yield, are: (12/27): 1) Alpine Municipal MMF (3.79%); 2) Evergreen Inst Muni MMF (3.78%); 3) Morgan Stanley Inst Liq T-E I (3.77%); 3) Vanguard PA T-E MMF (3.77%) ; and, 5) Vanguard Tax Exempt MMF and Vanguard OH (3.75%).
