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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (202316)11/5/2002 2:33:43 PM
From: reaper  Read Replies (1) of 436258
 
WSJ ran a similar story a couple of weeks ago....

note that this 'breaking the buck' is NOT due to credit losses though (which is what we are generally worried about) but due to the fact that when you charge 100 bps to run a money market fund you can't offer a return with short rates at 150 bps.

Cheers
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