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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (203795)11/11/2002 2:12:13 AM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
That's a landmark article...first mention in Reuter's (as covered by Yay-hoo) of Money Market funds "breaking the buck":

Money funds are designed to maintain a constant $1 share value -- falling below that, because the yield has turned negative, is known as "breaking the buck."

Seventy-three funds already yield less than 0.5 percent and appear most at risk of breaking the buck, according to iMoneyNet Inc. of Westborough, Massachusetts. More than 300 other funds with over $150 billion of assets are also in position to see their yields dip under 0.5 percent, it said.
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