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Whopee! The 1% Can Now Earn The Equivalent Of Over 1% On Its Cash!
FYI: Money-market mutual-fund reform, slated to take effect on Oct. 14, has pushed up the London interbank offered rate sharply. Three-month Libor has risen about 50 basis points (one-half percentage point), to a hair over 0.85%, twice as much as the Federal Reserve has lifted its federal funds target range, which has stood at 0.25%-0.50% since last December. Regards, Ted http://blogs.barrons.com/focusonfunds/2016/10/03/whopee-the-1-can-now-earn-the-equivalent-of-over-1-on-its-cash/tab/print/
