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Comatose Money Market Funds Have Finally Begun To Wake Up
FYI: The recent rise in the stock market has attracted a lot of attention — and it’s easy to see why. From the market bottom on Feb. 11 through Monday, U.S. stocks, as measured by the definitive Wilshire 5000 index, rose a bit more than 13 percent, or about $2.8 trillion.
A pretty nice five-week increase, isn’t it? No wonder so many people are talking about it.
But there’s another investment that has also turned positive — but has attracted far less attention.
From the article: " But you had to really be paying attention [to the rise in rates beginning around Thanksgiving] — which, at the time, I wasn’t — to notice the increase."
Comments
" But you had to really be paying attention [to the rise in rates beginning around Thanksgiving] — which, at the time, I wasn’t — to notice the increase."
Yup, I was slow too - my post from just three weeks ago:
http://mutualfundobserver.com/discuss/discussion/26328/money-market-funds
The reference Ted gave (Crain Data) seems to have data that's a few days more current than the website I gave (http://www.imoneynet.com/retail-money-funds/)
Doesn't seem to have been rate movement in those few days (once one adjusts for different share classes in the listings).