FYI: “This may be the peak before it all falls apart again.”
So said Peter Crane, president of Crane Data, on Monday, the first day of the Crane’s Money Fund Symposium, which bills itself as the largest meeting of money-market fund managers and cash investors in the world. He added that he was putting a positive spin on the industry by noting that assets were rising when balances typically fall. The amount of money in government and prime funds has soared in 2019 to more than $3 trillion, the most since the financial crisis, driven by U.S. short-term yields exceeding those of longer-maturing bonds.
Regards,
Ted
https://www.fa-mag.com/news/money-market-fund-bonanza-nears-tipping-point-45643.html?print
