US money market funds struggle as short-term rates near negative territory
Repost from 6-4-2021
“The result has been a squeeze that has driven the yields on some debt below zero, rendering swaths of the industry unprofitable and setting up a challenge for the Federal Reserve, which analysts say may have to weigh in to keep US interest rates positive.”
USAGOLD note: Read this article and immerse yourself in the definition of a mess……The situation with money funds might present a challenge for the Federal Reserve but, then again, what precisely should it do? Print even more money to bail out the funds?