Federated Investors posted "​Money Market Memo: What new reforms mean for Federated -- and you" yesterday. The piece explains the new SEC Money Market Fund Reforms. It says, "Early in 2010, the Securities & Exchange Commission adopted a series of reforms -- notably several amendments to Rule 2a-​7 -- designed to improve disclosure, enhance liquidity, further limit risk and in general prevent future disruptions across the money market fund industry. Federated welcomes the following new reforms -- many of which reflect longstanding practices at the company -- that go into effect May 28 and June 30, 2010." In other news, see yesterday'​s Bloomberg article "​Foreign U.​S. Commercial Paper Issuance Falls Most in 10 Months", which says, "U.​S. commercial paper outstanding sold by foreign financial companies and their domestic units fell the most in 10 months as fund managers trim holdings of the short-​term debt issued by European banks." Bloomberg quotes our Peter Crane, "The funds are merely shortening maturities and letting paper roll off, rather than fleeing." Finally, see S&​P'​s "​Putnam Global Liquidity Fund Rated '​AAAm'".

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive