Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Money funds start shuffling assets ahead of SEC rule changes https://t.co/l7zurkr3no via @business
Funds are starting to shift their holdings in the $6 trillion US money market ahead of new rules that will likely boost demand for government securities: Here’s your Evening Briefing https://t.co/QIiIiG22J4
Funds are starting to shift their holdings in the $6 trillion US money market ahead of a spate of new rules that will likely boost demand for government securities at the expense of riskier assets As of mid-April, about five of these funds — including the two largest — had… https://t.co/HNiMREvqH4
The US securities market is undergoing significant changes with a new settlement timeline that will affect over $100 trillion in securities. This major update, described as the largest in seven years, is anticipated to potentially lead to numerous settlement failures. Concurrently, adjustments are being made in the $6 trillion US money market as funds begin to reallocate their holdings in anticipation of upcoming SEC rules. These regulations are expected to increase the demand for government securities while diminishing the appeal of riskier assets. Notably, about five major funds, including the two largest, have already adjusted their portfolios as of mid-April.
