Raymond James seeking client dollars idling in banks
Liquid assets have often ended up at big banks or in sweep programs, which look much less attractive for clients' yields every time the Fed raises interest rates.
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Liquid assets have often ended up at big banks or in sweep programs, which look much less attractive for clients' yields every time the Fed raises interest rates.
Crane Data brings you money market mutual fund news, information, intelligence and data.
Cut back on stock and bond holdings, and focus on money market funds, C.D.s, Treasury bills and other options that are now offering high yields, our columnist says.
Forget high-yield savings accounts (if you can find them). Money-market funds are having a moment.
One upside of the Fed’s inflation fight has been a surge in the rates paid by mutual funds that invest mostly in short-term government bonds.