Money Market Funds' Floating NAVs Stay in Narrow Range for Now

Stacey Schreft

No 17-02, The OFR Blog from Office of Financial Research, US Department of the Treasury

Abstract: Money market funds long sold shares in normal times at a stable price, usually $1.00. But in the financial crisis, one fund "broke the buck" and investors fled.

Date: 2017-02-14
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