MoneyRates Blog
Bank Money Market Rates Outpacing Yields on Money Funds
By Clark Schultz | Money-Rates Columnist
Mutual fund money markets have had a tumultous six months. A perfect storm arose to test the whole industry. First, the safety of money funds was called into question after several funds “broke the buck” during the mortgage-backed securities crisis. Then yields on money funds were pushed down close to 1% after the Fed lowered [...]
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Money Fund Yields Holding Up
By MoneyRates team | Money-Rates Columnist
Money Fund Yields
Yields on major money funds have held up despite the recent credit market crisis. This is a good sign for investors in the top money funds as it indicates a resilience of those funds to volatility in the short-term securities they hold in their portfolio. The national average is below 5.00% on money [...]
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