Nation of Cards » moneymarket http://www.nationofcards.com Surveying the situation. Taking action. Thu, 14 May 2009 14:34:31 +0000 http://wordpress.org/?v=2.8.1 en hourly 1 Money Markets No Longer “Safe” http://www.nationofcards.com/2008/12/15/money-markets-no-longer-safe/ http://www.nationofcards.com/2008/12/15/money-markets-no-longer-safe/#comments Mon, 15 Dec 2008 13:15:09 +0000 admin http://www.nationofcards.com/?p=30 The government may have announced that they’re insuring money market investments, but what happens when the yield turns negative?

Record-low yields on government debt have already led money-market funds to waive fees to keep returns positive. If the Federal Open Markets Committee, as expected, cuts its target rate, some Treasury funds may allow returns to turn negative, said Peter Crane, president of Crane Data LLC, a money-fund research firm in Westborough, Massachusetts.

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