Editorial Board

Money-Market Funds Should Tell the Truth

They should all drop the fiction that they can maintain a price of $1 a share.

This has happened to money-market funds, too.

New rules aimed at strengthening one of America’s most popular savings products -- the money-market mutual fund -- are causing a minor tempest in financial markets, drawing complaints about unintended consequences.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.