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

By: micro1 in POPE IV | Recommend this post (1)
Sat, 15 Oct 16 7:07 AM | 35 view(s)
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Msg. 12170 of 47202
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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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