Rocketing Repos—Why Your LGIP/Money Market Rates Soared
09/18/2019
Many of you have probably noticed a dramatic increase in the daily yields on your money market funds (MMF) and local government investment pools (LGIP). These increases are expected to be temporary and are the result of an unusual confluence of events. We generally try to avoid getting overly technical in our commentaries, so we’ll try to keep this simple.
