It’s been the ultimate no-brainer for more than a year: Park your money in super-safe Treasury bills, earn yields of more than 5%, rinse and repeat. Or as billionaire bond investor Jeffrey Gundlach put it last October, “T-bill and chill.”
Even now, with Federal Reserve officials poised to ease benchmark interest rates from a two-decade high — a move that would instantly push down yields on bills and other short-term debt — money-market funds are thriving. They raked in $106 billion this month alone and their balances, at $6.24 trillion, have never been higher.
Michael Mackenzie, Ye Xie & Alexandra Harris | Yahoo Finance