MMFs lengthen portfolio maturity post-Covid – BIS

Prime money market funds (MMFs) funnelled cash into longer-dated assets than usual following March’s Covid-induced economic crisis, data from the Bank for International Settlements (BIS) shows. The shift was likely prompted by a search for yield by funds starved of it in the current low-rate environment.

The average maturity of portfolio holdings for prime MMFs – those invested in commercial paper – was 41 days at end-November, and peaked at 44 days in the second half of August, up from 31 days

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here