Could you explain further why US moneymkt is a bad deal for ultrashort term cash? Tbills are paying next to nothing also. What exactly is gating? Thx in advance
The SEC has already voted on the new MMF regulations and they're coming into effect over the next couple of years. Thank god for that, but until it's all done and dusted, I wouldn't be an investor.
The point of the chart was not to show or indicate that money market funds are bad for ultrashort term cash, but to point out how quarter end reverse repos go, and how they're used to keep the appearance up. As for gating, suggest you google the subject, as there is a lot of reading to be done on it.