Has anyone noticed that Vanguard's tax-exempt MM yield has blown out to a yield of 5.3%? I see 90%+ of the holdings are rated MIG-1, the best short-term rating possible.
Is this just a result of the current credit crunch? Anything to be concerned about parking money here for awhile?
I never thought I'd see their tax-free muni bond MM paying 3% more than the Prime MM fund...
Is this just a result of the current credit crunch? Anything to be concerned about parking money here for awhile?
I never thought I'd see their tax-free muni bond MM paying 3% more than the Prime MM fund...