January 10, 2010 |
The plug got pulled on money market mutual funds in 2009. Total assets of money funds plummeted by nearly $500 billion, to about $3.26 trillion at the end of the year, a drop of 13% from the end of 2008, according to IMoneyNet Inc. The cash poured out because the Federal Reserve's policy of near-zero short-term interest rates also reduced money fund payouts to nearly zero. The average annualized yield on taxable money funds now stands at a barely detectable 0.03%. At that yield, a $10,000 balance in a money fund would earn $3 a year.
July 25, 2010 |
Forensic workers have recovered 51 bodies, some burned and mutilated, from a mass grave believed linked to Mexico's raging drug war, authorities said Saturday. The site near a trash dump in the northern border state of Nuevo Leon is the second-largest clandestine grave found in recent weeks. Nuevo Leon Gov. Rodrigo Medina said most of the dead were probably drug traffickers killed in fighting with rivals. But he acknowledged that the bodies had yet to be identified. "They could have been people linked to organized crime, [killed in]
December 14, 1994 |
Optimism on Tuesday that the Federal Reserve Board will win the war against inflation caused yields on some longer-term Treasury securities to move lower than the yields on securities with shorter maturities. The yield on the Treasury's five-year note closed at 7.83%, compared to 7.82% for the Treasury's 10-year issue. Such an inversion last occurred in September, 1989, said Hugh Johnson, chief investment officer at First Albany Corp.
February 25, 1986 |
Human remains and personal effects have been found by a U.S.-Laotian team excavating the wreckage of an American warplane shot down in 1972 during the Vietnam War, a U.S. military spokesman said Monday. The discoveries came in the early stages of the excavation in the southern Laos province of Savannakhet, which borders Thailand.
December 13, 1994 |
Municipal bond yields inched up Monday amid lingering concern about Orange County's bankruptcy filing and a rebound in yields on U.S. Treasury securities. "I still think people are afraid there will be another Orange County," said Paul Hylle, who manages about $1.6 billion in funds at IDS Financial Services. Muni yields both in and outside California jumped last week as some investors bailed out of bonds. The market had calmed Friday, but many analysts said investors remain uneasy.
February 4, 1988 |
Yields on 10-year Treasury notes fell in Wednesday's auction to the lowest level in a year as the government completed the second of three major debt auctions this week. The average yield was 8.21%, down from 8.88% at the last quarterly auction on Nov. 4. It was the lowest rate since 10-year notes averaged 7.25% on Feb. 4, 1987. The notes will carry a coupon rate of 8.125%, with each $10,000 in face value selling for $9,942.70.
November 10, 1992 |
Yields on three-year Treasury notes rose in Monday's auction to the highest level in six months as the government began its $37-billion quarterly refunding. The average yield was 5.17%, up from 4.69% at the last auction Aug. 11. It was the highest rate since three-year notes averaged 5.96% on May 5. The notes will carry a coupon interest rate of 5.125%, with each $10,000 in face value selling for $9,987.70. A total of $15.56 billion in notes was sold out of bids totaling $36.12 billion.
July 15, 1990
Highest seven-day compound yields for period ended July 10. Yields represent compounded rate of return to shareholders for past seven days. Past returns are not necessarily indicative of future yields. Investment quality and maturity may vary among funds. GOVERNMENT ONLY Average 7.79% 1 Fidelity Spartan US Govt MMFk 8.69 2 Benham Govt Agency Fund k 8.41 3 Fidelity US Treasury MMF k 8.34 4 Transamerica US Govt Cash Res k 8.29 5 Dreyfus US Guar MM Acct LP k 8.25 6 Kemper Money Market Govt Port 8.
June 10, 1990
Highest yields reported by federally insured banks and thrifts as of June 6 based on the lowest minimum deposit to open an account. National average based on yields offered by 100 largest banks and thrifts in the 10 largest markets. Southern California averages based on yields offered by 10 largest area banks and thrifts. MONEY MARKET ACCOUNT National average: 6.20 S. California average: 5.82 First Signature B&T, Portsmouth, NH: 8.33 Metro. Bank for Svgs, Arlington, VA: 8.