Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Default TRP account for cash is PRTXX. Always assumed it was pretty straight-forward Treasuries. I'll check it out later today. Thanks for the headsup.
PRTXX is almost 1/2 repos AT 45% .
.... not my first choice today ....
i want to avoid any repos if i can ....
PRTXX
Security Diversification
As a percentage of Total Net Assets
As of 2/29/2020
REPURCHASE AGREEMENTS
44.90%
US TREASURY NOTES
37.30%
US TREASURY BILLS
19.20%
OTHER ASSETS LESS LIABILITIES
-1.30%
VS FIDELITY
fdlxx
U.S. Treasury Bills 83.70%
U.S. Treasury Coupons 21.55%
U.S. Treasury Strips 0.00%
U.S. Treasury Inflation-Protected Securities 0.00%
Repurchase Agreements 0.00%
Other Money Market Investments 0.00%
Net Other Assets -5.25
i was using the fidelity premium money market up to now , i use treasury only now .. here is their break out . it holds more commercial paper and other stuff other than safe , secure treasuries
U.S. Treasury Debt 0.15%
U.S. Government Agency Debt 0.00%
Non-U.S. Sovereign, Sub-Sovereign, and Supra-National Debt 0.00%
Certificates of Deposit 37.52%
Non-Negotiable Time Deposits 4.60%
Variable Rate Demand Notes 0.07%
Other Municipal Securities 0.00%
Asset Backed Commercial Paper 0.88%
Other Asset Backed Securities 0.00%
U.S. Treasury Repurchase Agreements 10.04%
U.S. Government Agency Repurchase Agreements 8.33%
Other Repurchase Agreements 10.64%
Insurance Company Funding Agreements 0.00%
Investment Companies 0.00%
Financial Company Commercial Paper 26.79%
Non-Financial Company Commercial Paper 0.46%
Tender Option Bonds 0.00%
Other Instruments 0.76%
Net Other Assets -0.2
Thoughts on which funds to hold cash in Schwab and Vanguard accounts?
it may be hard ....they no longer have the funds to out bid the worlds investors .... the fed is really not in control of rates anymore ...their rate setting is really symbolic as investors have already determined where rates are going . you can see that in the fed futures .
On the MM front you have to understand what’s going on internally. GS put 1 billion into their two largest money market funds last week but what does that mean? They swapped 1billion in cash for fixed income assets in the MM funds because people were redeeming out of the MM funds at too high of a rate to liquidate the funded income in the funds
treasury money market with no repos #1 or treasury bills direct ... my inclination is to go with the money market because the brokerage may prop it up if rates go negative .
#2 would be a treasury etf but the expense on something like BIL would leave you near zero
#3 a bank ... fdic would need legislation to be refunded if they had to make good in mass
having a money market break the buck once already and not only did we take a hit but we were locked out of it so at times like this i look for safety
i am not thrilled about regular money markets now
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
