• CD equivalent yield (AKA money market equivalent yield - used to compare T - bills to 360 -
day money market instruments).
Not exact matches
They would argue that they're just chasing yield, and that yield can't be found these
days in GICs, term deposits and
money market instruments.
These schemes invest in debt and
money market instruments with maximum maturity of upto 91
days only.
The third type of
money market fund is by far the most common and the list of short - term securities that it can hold Treasury Bills, commercial paper, repurchase agreements, whiskey warehouse receipts, bankers» acceptances, short - term CDs, eurodollars and other similar
instruments with maturities of 120
days or less.
These
money market instruments come with a maturity up to 91
days.
Liquid funds are invested either in the
money market or in debt
instruments with up to 90
days of a residual maturity period.