In the Margins

Money funds zero in on short-term Treasuries

October 20, 2015

By The Wall Street Journal

Money market funds are hustling to buy up short-term Treasuries and related debt to get ahead of new market rules slated to take effect next October. Fidelity Investments is among those, with plans to convert the entire portfolio of its $115 billion Cash Reserves Fund to U.S. government debt by Dec. 1. Read the original story from The Wall Street Journal