Money Market And Ultra Short Term Bond Funds
In our previous newsletter August 27, 2018: Money Market ETFs?, we discussed and compared ultra short term bond ETFs that some investors try to use as as alternatives for money market funds. In this newsletter, we review the current cash market state and then look at additional ultra short term bond mutual funds.
Current cash returns
The Federal reserve raised interest rates in December and now cash returns are much higher, amounting to 2.2% annual return for 3 month TBill (or cash). The following are the latest rates for CDs and Treasury bonds based on Fidelity:
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