TITLE

Short-Term Buyers Discuss Impact of Auction-Rate Securities

AUTHOR(S)
Fine, Jacob
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/24/2004, Vol. 349 Issue 31976, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Discusses the negative consequences of auction-rate securities for money market funds in the U.S. Issuers' increasing use of auction-rate securities instead of traditional variable-rate demand obligations; Stringent internal money market fund eligibility standards of some firms such as Charles Schwab & Co.; Increase in the yields on weekly triple-A rated auction-rate securities.
ACCESSION #
14555029

 

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