I have been watching VMMXX inch down from about 2.45%, around the beginning of this year, to now around 2.22%. I suspect this is due to the fund having a challenging time finding higher paying bonds and treasuries. Frankly, I am impressed it is still as high as it is.
But, would anyone care to guess how low this slide will go, and when it might bottom out?
I know, it is probably more accurate for a slug to throw a dart, but maybe someone has a semi-intelligent answer.
Thanks.
But, would anyone care to guess how low this slide will go, and when it might bottom out?
I know, it is probably more accurate for a slug to throw a dart, but maybe someone has a semi-intelligent answer.
Thanks.
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