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-   -   Questions about Vanguard Prime Money Market (http://www.early-retirement.org/forums/f28/questions-about-vanguard-prime-money-market-94992.html)

RenoJay 11-30-2018 10:42 AM

Questions about Vanguard Prime Money Market
 
I have a lot of cash sitting in Vanguard Prime MM. I know MM accounts are not FDIC insured, and could technically drop below the $1 per share price they aim to maintain. So I looked at the holdings and saw that 61% of the funds money is in "Yankee/Foreign". Does anyone know what this means? Is it foreign bonds from other countries? What do they mean by "Yankee"?

pb4uski 11-30-2018 01:03 PM

I think they are financial instruments issued by foreign banks that are denominated in USD.... could be bonds, CDs or whatever.

brewer12345 11-30-2018 02:38 PM

Quote:

Originally Posted by pb4uski (Post 2149525)
I think they are financial instruments issued by foreign banks that are denominated in USD.... could be bonds, CDs or whatever.


Yankee market is foreign issuer but dollar denominated debt instruments.

Free bird 11-30-2018 07:57 PM

Its a witches brew.

Sunset 11-30-2018 11:32 PM

I thought it was what Southern folks called the Northern banking stuff :D

upset264 12-01-2018 05:13 AM

You can easily buy t-bills. A little more yield, no commission, and you know what you're getting. Plus they're easily sold.

audreyh1 12-01-2018 07:14 AM

Quote:

Originally Posted by Sunset (Post 2149819)
I thought it was what Southern folks called the Northern banking stuff :D

Yeah - sounds like something right out of the civil war!

markelp 12-02-2018 08:23 AM

Quote:

Originally Posted by RenoJay (Post 2149413)
So I looked at the holdings and saw that 61% of the funds money is in "Yankee/Foreign". Does anyone know what this means? Is it foreign bonds from other countries?

The SEC filings for Vanguard Prime show details of every holding. This one was filed last week (2018-11-28) for the period (2018-06-30):
https://www.sec.gov/Archives/edgar/d...rimary_doc.xml

Lots of information here. For each holding in Part C, entry C.6 shows the type of holding and entry C.19 for "The percentage of the money market fund's net assets invested in the security, to the nearest hundredth of a percent."


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