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At Last, Money-Fund Yields Should Rise Within Days

TedTed
in Fund Discussions
FYI: (Click On Article Title At Top Of Google Search)
It will only take days for the Federal Reserve’s boost to short-term interest rates to start showing up in the yields of money-market mutual funds.

That will be welcome news for investors in these funds, which buy very short-term government and corporate debt and aim to maintain a steady $1 share price.

The average yield now is just 0.01% on money funds for individual investors that invest in both corporate and government debt—or $1 a year on a $10,000 account—and the same on funds that buy mostly government debt, according to research firm iMoneyNet Inc. in Westborough, Mass.
Regards,
Ted
https://www.google.com/#q=At+Last,+Money-Fund+Yields+Should+Rise+Within+Days++wsj

Comments

  • rforno

    I wonder what I'll do with that extra 3 cents per month on my cash. Decisions, decisions. :)
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