Money-Market Fund Assets Soar $100BN In 3 Weeks As Fed’s Bank Bailout Facility Expires

– The Day Has Arrived: As Of Today Prime Money Markets Can Suspend Withdrawals – Here Are The Implications:

The big day has finally arrived: starting today, many prime money market mutual funds (those that invest in non-government issued assets such as short-term corporate and municipal debt) to float their net asset value. More importantly, these prime MMFs are allowed to delay client withdrawals under adverse market conditions.

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