Rising interest rates may spark more interest in money market funds
Money market funds are seen as a possible good investment bet as interest rates start to move up.
Stay updated with breaking news from Peter Yi. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Money market funds are seen as a possible good investment bet as interest rates start to move up.
(Bloomberg) -- ASL Capital Markets Inc. took the U.S. bond market by surprise this week when it joined the elite club of dealers authorized to do business directly with the Federal Reserve Bank of New York.
With rates pointing up, Northern Trust, BlackRock, and others aim for liquidity-laden institutional clients.
With the Federal Reserve likely to accelerate the removal of its unprecedented stimulus, some short-term rates have moved higher and offered money fund managers rare opportunities to generate yield. For example, three-month commercial paper rates that financial companies use to fund short-term cash flows , have jumped to 17 basis points, from 11 basis points ...
Treasury Inflation Protected Securities have become the hottest ticket in 2021 as messages of 'transitory' inflation clash with realty.