The OFR posted today a blog by Deputy Director for Research and Analysis Stacey Schreft, entitled, “Money Market Funds' Floating NAVs Stay in Narrow Range for Now.” In the blog the deputy director says, money market funds long sold shares in normal times at a stable price, usually $1.00. But in the financial crisis, one fund “broke the buck” and investors fled. A new rule requires shares of some types of funds to trade at a market-based net asset value. The OFR’s analysis finds that so far these values have not varied much.
The blog can be found here: https://www.financialresearch.gov/from-the-management-team/.
The OFR's Money Market Fund Monitor can be found here: https://www.financialresearch.gov/money-market-funds/.
The OFR home page is at: https://www.financialresearch.gov/.
