J Ferris (not verified) — POSTED September 26th, 2008 8:05PM
"What's causing yields to rise for tax-exempt money market funds?
The yields of Vanguard's municipal money market funds have risen dramatically in recent days. In a reversal of the usual relationship between yields of municipal and taxable money market funds, the yields of Vanguard Tax-Exempt Money Market Fund and similar state-specific funds have risen far above those of taxable funds..."
"What's causing yields to rise for tax-exempt money market funds?
The yields of Vanguard's municipal money market funds have risen dramatically in recent days. In a reversal of the usual relationship between yields of municipal and taxable money market funds, the yields of Vanguard Tax-Exempt Money Market Fund and similar state-specific funds have risen far above those of taxable funds..."
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