Advertisement

Ticker Talk:

Share
Times Staff

Yields on money market mutual funds took a dive in the last week, after the Federal Reserve’s latest half-point interest rate cut, according to Imoneynet.com. The average 7-day compound yield on taxable funds slid to 4.42% as of Tuesday from 4.66% a week earlier, the firm said. The yield has tumbled from 6.09% at the start of the year--just before the Fed began its rate-cutting campaign.

Advertisement