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New US money-market fund regulations go into effect on Friday, in case you happened to miss Libor’s climb and the reams of press coverage in the two years since the rules were introduced.
Because the topic has been widely covered, we thought there would be a pretty smooth transition into October. Why would someone put off making that kind of change until right before a big deadline?
Continue reading: Procrastination as a strategy in the global reach for yield
New US money-market fund regulations go into effect on Friday, in case you happened to miss Libor’s climb and the reams of press coverage in the two years since the rules were introduced.
Because the topic has been widely covered, we thought there would be a pretty smooth transition into October. Why would someone put off making that kind of change until right before a big deadline?
Continue reading: Procrastination as a strategy in the global reach for yieldAbout $700bn has shifted from prime to government money-market funds this year. Here’s what that says about regulations and the illusion of safety in certain assets.
Continue reading: MMF flows and restricted money-ness
About $700bn has shifted from prime to government money-market funds this year. Here's what that says about regulations and the illusion of safety in certain assets.
Continue reading: MMF flows and restricted money-nessOctober 17 is going to be a big day for global USD money markets. It’s the deadline by which prime money market reforms must adjust to floating NAV models, leaving only those funds investing in government securities able to offer par value protection. …
October 17 is going to be a big day for global USD money markets. It's the deadline by which prime money market reforms must adjust to floating NAV models, leaving only those funds investing in government securities able to offer par value protection. The likes of Zoltan Pozsar at Credit Suisse are expecting banks to lose a significant whack of unsecured bank funding as a result.
Continue reading: More on Libor and that Japan connection