Search found 2 matches

by welderwannabe
Wed Feb 05, 2020 1:38 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 56
Views: 44485

Re: Cracks emerging in money markets?

Im not sure there are cracks emerging in money markets. There are many theories on why this is happening. One is the concern about counterparty risk which really came to the forefront with the MBS crisis. My theory is that is is more likely because the Fed started paying interest on reserves, both r...
by welderwannabe
Sat Feb 01, 2020 7:38 am
Forum: Cash
Topic: Fidelity - SHV BIL or TBILL ladder (auto roll)
Replies: 24
Views: 10679

Re: Fidelity - SHV BIL or TBILL ladder (auto roll)

However, the big money certainly knows: SPAXX, one of the cash sweep funds, has $152 billion in net assets. FDLXX, the Treasury only money market fund, has only $2.9 billion in net assets. Clearly, there is a marked preference for yield over safety. I don't believe FDLXX is offered as a sweep (aka ...