MoneyRates Blog
Mutual Fund Money Market Yields and Holdings
By MoneyRates team | Money-Rates Columnist
A mutual fund money market is supposed to be a simple investment with a stable $1 share price with seemingly little differentiation between various funds. September 2008 showed that line of thought was a fallacy as several funds with heavy exposure to Lehman Brothers paper suffered losses significant enought to push their net asset value [...]
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Major Money Fund Drops NAV Below $1
By MoneyRates team | Money-Rates Columnist
The devastating week for financial companies continued today after Primary Reserve Primary Fund became the first money-market fund in 14 years to drop their net asset value below $1 after writing off $700 million of debt issued by bankrupt Lehman Brothers Holdings Inc. and experiencing large withdrawals. Primary Reserve Fund is actually the oldest money [...]
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INTEREST RATE FORECAST
By MoneyRates team | Money-Rates Columnist
This week the Federal Reserve meets and for the first time in over two years Fed watchers are discussing the Federal Open Market Committee (FOMC) lowering short term interest rates as a realistic possibility. The Chicago Board of Trade offers futures contracts on the 30-day Federal Funds Rate (ZQ) with expirations from August 2007 to [...]
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Retail Money Funds
By MoneyRates team | Money-Rates Columnist
Money fund rates have held steady in the last week. Typically these funds are comprised of short-term government securities or highly rated commercial paper and maintain extremely high safety ratings. Below are listed 7-day average annualized yields of some leading money funds:
TIAA-CREF Money Market Fund 5.18%, $2,500 minimumVanguard Prime Money Market Fund 5.12%, $3,000 minimumHarbor [...]
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