Expectations for money markets as rates dip lower

Transcript

Tim Buckley: Sarah, we’ve been speaking a ton about funds and companies needing to keep much more funds. I’m guaranteed there are loads people out there questioning how do we take care of their funds? And you’re accountable for our taxable dollars markets, so why do not you share how we conservatively take care of their funds.

Sara Devereux: That is suitable. So as you know, we have a incredibly conservative strategy when it will come to our dollars industry money. Initial of all, the liquidity ratios that are expected by regulators, we are properly in surplus of individuals ratios. Moreover, we have a incredibly conservative solution with asset selection. Inside our Prime Fund, for illustration, approximately 50% of our belongings are authorities securities.

Tim: If you want to get to all government…so if you definitely want the belt and suspenders solution, there’s usually Federal and Treasury, suitable?

Sara:

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Should you consider municipal bond funds?

Transcript

Greg Davis: Paul, it is fantastic to have you in this article these days to converse to our clients about what is been going on in the municipal bond industry. You know, we have found a pretty substantial amount of concern all-around liquidity problems in the market. Love to get your viewpoint on what you fellas are seeing as the head of the municipal bond team.

Paul Malloy: Confident. So what we’re seeing is a pretty fast rate adjustment just as we have found in lots of other marketplaces. And part of that in the municipal industry is thanks to the pretty rich levels we went into this at. And on the other side is traders needing dollars for many factors these types of as rebalancing into fairness portfolios. And you’ve bought some other shorter-time period gamers in the municipal marketplaces that are demanding liquidity. So what that has

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