It appears that the expiration of the Treasury's guarantee program last Friday will have little influence over money fund trading, at least going forward. Numbers
from Crane Data
show that money market mutual fund assets dropped by only $1.5 billion on Monday, and just over $6.5 billion on Friday. Although both days saw a loss of assets, the drop was relatively small, compared to $35 and $20 billion net outflows on last Tuesday and Wednesday, respectively.
The Crane report also showed a $180 million increase in Treasury Institutional funds, while Government Institutional funds fell by $4 billion and Treasury retail assets decreased $26 million in assets.
Stay ahead of the news ... Sign up for our email alerts now