MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, September 26, 2011 Will the Fed Boost Money Fund Yields? Money market fundsters may be able to breathe a little bit easier soon. The Wall Street Journal's Cynthia Lin reports that, thanks to a new plan from the Federal Reserve, yields on money market mutual funds may rise a bit in the coming months. In 'Operation Twist,' the Fed plans to sell shorter-term Treasurys over the next nine months. If that pushes short-term Treasury prices down (and thus yields up), that may boost money fund yields by five to 10 basis points, according to Gary Pollack, head of fixed-income trading at Deutsche Banks private wealth management unit. Several fundsters weighed in for the story, including Debbie Cunningham, chief investment officer of Federated Investors and Joseph D'Angelo, head of the money-market desk at Prudential Fixed Income. Printed from: MFWire.com/story.asp?s=37884 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |